Edtech Platform CollegeDekho Secures $10 Million Investment from CarDekho Group

Auto marketplace operator CarDekho Group has strengthened its presence in the education technology sector with a fresh capital infusion into CollegeDekho, marking another round of backing for the Gurugram-based startup, as per The Economic Times reports. 

Investment Details and Expansion Plans 

According to a company statement, CarDekho Group has invested $10 million in CollegeDekho as a follow-on round. CarDekho currently holds around 40% stake in the edtech firm.  

Founded in 2015, CollegeDekho operates an online platform supporting college discovery, course selection, entrance test preparation, and admissions for students in India and overseas, and has partnerships with more than 2,000 universities and colleges. The company plans to use the investment to widen its footprint in tier-II and tier-III cities. 

Profitability and Use of Capital 

Ruchir Arora, founder and chief executive of CollegeDekho, said the company has turned profitable and will deploy the capital to scale operations and strengthen institutional engagement.  

“As we progress, after attaining profitability, this will accelerate our efforts to expand quality education and skilling pathways, leverage technology to improve student outcomes, and work closely with institutions to bridge the gap between education and employability,” Arora said. 

About CarDekho Group and Recent Sector Context 

Founded in 2008 by Amit and Anurag Jain, CarDekho Group operates multiple digital platforms including CarDekho, BikeDekho, ZigWheels, InsuranceDekho, and Revv, and counts Peak XV Partners, Hillhouse Capital, and CapitalG among its investors. 

The investment follows a separate development in the auto marketplace space, where CarTrade Tech said last month that it had ended talks with Girnar Software regarding the acquisition of CarDekho and BikeDekho.  

Commenting on the continued backing of CollegeDekho, Amit Jain, cofounder and chief executive of CarDekho Group, said, “Our continued investment in CollegeDekho reflects our conviction in its ability to democratise access to quality education, guidance, and skilling for students across the country.” 

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Conclusion 

With the latest $10 million infusion, CarDekho Group has reaffirmed its long-term commitment to CollegeDekho as the edtech firm accelerates expansion following its move into profitability. 

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