CollegeDekho.com, an online platform connecting colleges and students has raised $2 Million in Pre-Series A round of funding from London-based Man Capital, the investment arm of the Mansour Group.
The funding will be used to build robust technology, ramp up the team, increase marketing activities and on-board more colleges, the company said in a statement.
“We have made considerable progress in our approach towards making the technology extremely intuitive and user focused. One of the popular features in our product is college recommendations, that understands the profile of a student and suggests appropriate colleges,” said Prateek Kumar, Chief Product Officer, CollegeDekho.com.
CollegeDekho connects colleges and their course listings with interested students. It includes features like a step-by-step search tool that uses basic interests to figure out appropriate colleges and chat forums for prospective and enrolled students in the same college. It also provides information on a variety of entrance exams and rankings.
“We launched CollegeDekho with an aim to fundamentally change and improve the journey of college selection process for students. All this has been enabled through our dedicated focus on building a robust service network as well as better unit economics and revenue streams. The latest funding received from Man Capital is a stamp of approval to our approach. It will help us to provide better service offerings,” says Ruchir Arora, Founder and CEO, CollegeDekho.
The start-up announced its first round of investment of $1 million from IT company Girnar Software December last year.
Until this funding, Ruchir explains that the start-up has been bootstrapped. “We have 25 people on our team and our leads – 5,000 downloads – have all been organic until now. That goes to show that there’s a huge market here.”