April 18, 2016 4:07:22 pm
Technology start-up CollegeDekho.com today said it has raised $2 million in pre-series A funding from the London-based Man Capital.
CollegeDekho.com deals in higher education and has a database of 22,000 colleges as it connects students to colleges.
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.
The investment comes four months after securing $1 million from GirnarSoft, the parent company of CarDekho.com.
“We launched CollegeDekho.com with an aim to fundamentally change and improve the journey of college selection process for students,” Ruchir Arora, founder and CEO, CollegeDekho.com, said.
The company said its app has unique features like a step-by-step search tool that uses basic interests to figure out appropriate colleges and chat forums.
It also provides information on a variety of entrance examinations and determines cut-offs for courses.
“As such, we were on the lookout for an Indian venture that is not only a pioneer in its segment, but also has the potential to become a global leader in the near future,” Loutfy Mansour, CEO, Man Capital, said.
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