CollegeDekho Secures $5M Investment from Recur Club

CollegeDekho, an educational advisory platform, has secured INR 40 crores in structured debt financing from Recur Club, a lending hub designed for rapidly growing companies. This capital injection occurs as CollegeDekho prepares for the forthcoming academic enrollment period and aims to bolster its operational capabilities and tech backbone.
The firm experienced a 32.2 percent rise in revenue for FY24, escalating from INR 163 crores in FY23 to INR 215.6 crores. This recent funding round syncs well with their expanding trend, offering extra financial resources to bolster its offerings amid one of the busiest times of the year within the educational industry.
Launched in 2015, CollegeDekho has expanded to provide details about more than 35,000 educational institutions and various programs throughout India. Over the last seven years, it has assisted with around 200,000 college enrollments and asserts that it has helped generate over INR 5,000 crore in tuition fees for collaborating schools. In the previous year alone, their website saw over 225 million visits, and they offered complimentary guidance to almost four million learners.
The co-founder and CEO of Recur Club, Eklavya Gupta, mentioned that this funding demonstrates increasing investor enthusiasm for India’s education market, expected to expand from $55 billion in 2023 to $180 billion by 2035. Gupta also highlighted how CollegeDekho fits into the evolving trend towards tech-enabled support systems for students within the higher education sphere. “We at Recur Club understand the importance of platforms such as CollegeDekho, which focuses on improving access to higher education advice in India,” he stated. “Backing CollegeDekho underscores our dedication to advancing development initiatives that positively impact academic organizations.”
Ruchir Arora, CEO and co-founder of CollegeDekho, commented on the recent investment, stating that this capital infusion will aid in expanding their business activities and enhancing product innovations. Their objective remains supporting students who are trying to manage the intricate landscape of higher education. Additionally, the firm has collaborated with various institutions to introduce degree programs focused on developing skills relevant for upcoming industries according to market demands.
"This phase of financing is a calculated move to guarantee our readiness for the approaching enrollment period and beyond. We have consistently aimed to offer high-quality, skills-oriented tertiary education and enable students to make well-informed choices," Arora stated additionally.
This financial backing arrives as the edtech industry maintains its forward trajectory, with firms progressively adopting alternate financing strategies like structured debt to foster expansion whilst keeping their capital usage efficient.
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