CarDekho Group invests $10 million in edtech firm CollegeDekho

The CarDekho Neighborhood, an auto platform, has invested $10 million in Gurugram-based entirely edtech platform CollegeDekho, per a company commentary.

Here’s a apply-on infusion by the community into CollegeDekho, which it had backed earlier.

Founded in 2015, CollegeDekho operates an on-line platform that enables college discovery, direction preference, entrance test preparation, and gives admissions enhance for varsity students in India and in one more nation. The platform has partnerships with greater than 2,000 universities and colleges.

The funding comes as CollegeDekho plans to enlarge its presence in tier-II and tier-III cities. CarDekho holds around 40% stake in the startup.

Ruchir Arora, founder and chief executive of CollegeDekho, acknowledged the company has win money and the present capital would be feeble to enlarge its offerings and deepen engagement with tutorial institutions.

“As we growth, after attaining profitability, it will traipse our efforts to enlarge quality education and skilling pathways, leverage know-how to enhance student outcomes, and work closely with institutions to bridge the gap between education and employability,” acknowledged Arora.

This funding comes a month after auto marketplace CarTrade Tech acknowledged it had ended discussions with Girnar Tool to do CarDekho and BikeDekho.

Founded in 2008 by Amit and Anurag Jain, the CarDekho Neighborhood operates platforms equivalent to CarDekho, BikeDekho, ZigWheels, InsuranceDekho, and Revv. The community counts Top XV Companions, Hillhouse Capital, and CapitalG amongst its backers.

“Our persisted funding in CollegeDekho reflects our conviction in its capability to democratise discover admission to to quality education, steering, and skilling for varsity students across the nation,” acknowledged Jain, cofounder and CEO, CarDekho Neighborhood.

CarDekho grew to became a unicorn in 2021 after a $250 million funding round valued the company at about $1.2 billion.