#Asia India’s online education marketplace CollegeDekho raises US$1M


The investor is Girnar Soft, parent of auto classifieds portal CarDekho.com which is backed by Ratan Tata

Ruchir Arora, Founder, CollegeDekho

Ruchir Arora, Founder, CollegeDekho

India-based online education marketplace CollegeDekho has received US$1 million in seed funding from Girnar Soft, parent of automobile classifieds portals CarDekho.com and Gaadi.com.

The startup plans to use the funds for developing its platform, building team and marketing.

CollegeDekho was founded in May this year by serial entrepreneur Ruchir Arora. The firm aims to help students through the admissions process for colleges. It enables a step-by-step college search, which suggests colleges based on simple student inputs. It also connects all prospective students of a college even before they join it.

Also Read: Real estate portal CommonFloor to merge with Quikr

“Higher education in India is a market segment that requires a fresh approach to overcome the incumbent inertia. We quite liked the idea of a disruptive development that could assist students in making more informed choices,” said Amit Jain, CEO and Co-founder of Girnar.

According to CollegeDekho’s estimates, at any given time there are around 30 million students enrolled in 36,000 colleges in India.

Also Read: Behind the Startup: Helper4U helps blue collar workers help themselves

“Despite being the third-largest higher education market in the world, it is hugely under-penetrated and offers significant growth potential,” said Arora.

“CollegeDekho has been established to provide a transparent, open platform that facilitates interaction between students and colleges. CollegeDekho will leverage its proprietary and unique technology platform to match student preferences to prospective colleges,” he added.

Also Read: This is how 500 Startups, Sequoia and others want you to pitch

Girnar is an IT company working on offshore products and outsourced software development. In addition to CarDekho and Gaadi.com, the group also runs portals such as Zigwheels.com, BikeDekho.com and PriceDekho.com.

In January, Girnar raised US$50 million from Hillhouse, Tybourne and Sequoia Capital, and was valued at US$300 Million. It also attracted investment from the Ratan Tata and a strategic investment from HDFC Bank.

The post India’s online education marketplace CollegeDekho raises US$1M appeared first on e27.

from e27 http://ift.tt/1LKkO2s

This entry was posted in #Asia by Startup365. Bookmark the permalink.

About Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !