CollegeDekho Raises Rs 40 Cr Debt Funding From Recur Club

CollegeDekho, a higher education ecosystem has raised Rs 40 crore in debt funding round from Recur Club, a debt marketplace for high-growth businesses.

The fresh funding will help CollegeDekho grow faster, improve its technology and run operations smoothly ahead of the upcoming admission season.

Read also- Karnataka HC Dismisses Qatar Holding’s Petition Against Byju's

Ruchir Arora, CEO & Co-Founder of CollegeDekho, said, “This round of funding is a strategic step to ensure we are fully prepared for the upcoming admission season and beyond. Our mission has always been to provide access to quality, skill-focused higher education and empower students to make informed decisions. With this funding, we believe that we will be able to scale new heights and deliver value to our students and partner institutions.”

Eklavya Gupta, Co-founder and CEO of Recur Club, "India's higher education sector is poised for exponential growth, with its market size projected to triple from $55 billion in 2023 to $180 billion by 2035. At Recur Club, we recognise the crucial role of platforms like CollegeDekho, which is dedicated to enhancing higher education guidance in India. Supporting CollegeDekho highlights our commitment to promoting growth strategies that benefit educational institutions."

About CollegeDekho

Founded in 2015 by Ruchir Arora, Rohit Saha and Saurabh Jain, CollegeDekho offers an online platform where students can explore colleges, courses, and careers, and apply to programs. It also provides services to colleges like digital marketing and student recruitment.

Additionally, it helps universities launch future-ready degree programs, making students more job-ready and improving their overall learning experience.

Over the past seven years, CollegeDekho has helped more than 2 lakh students get into college, generating over Rs 5,000 crore in fees for partner institutions. This shows the platform’s big role in guiding students and supporting higher education in India.

In FY24, CollegeDekho's revenue rose by 32.2%, reaching Rs 215.6 crore, up from Rs 163 crore in FY23. This strong growth shows the company is scaling well and highlights the importance of the Rs 40 crore debt funding at this stage.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.