CollegeDekho, an online platform connecting colleges and students
Girnar Soft, the parent company of India’s leading online automobile marketplace CarDekho.com, recently invested US $1 million in a disruptive education start-up, CollegeDekho. CollegeDekho is formed by a set of entrepreneurs who are passionate about education and wanted to solve the bottlenecks in the college admissions process.
With the funding, Girnar Soft has yet again underlined its mission of developing tech-driven industry solutions for various industry verticals that can help circumvent the traditional roadblocks associated with them. The investment was secured due to the vision as well as the cohesive management and entrepreneurial team behind CollegeDekho.
Explaining the reasons behind the investment, Amit Jain, CEO and co-founder, Girnar Soft, said, “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. Additionally, the synergy and the strength of the vision driving the team at CollegeDekho also played a vital role in convincing us to invest so deeply into the venture.”
Ruchir Arora, CEO and founder, CollegeDekho, commented, “In India at any point of time there are ~30mn students enrolled in ~36000 colleges. Despite being the third largest higher education market in the world, it is hugely underpenetrated and offers significant growth potential. CollegeDekho has been established to provide a transparent, open platform that facilitates interaction between students and colleges. Through this venture, we aim to provide students with authentic, comprehensive and unbiased information. This will help them in evaluating and selecting the career option most suited to their interests and proficiency.”
Incepted as a medium to connect students to colleges, CollegeDekho will leverage its proprietary and unique technology platform to match student preferences to prospective colleges. CollegeDekho will be using the funds for developing its platform, building its team and marketing. Girnar Soft’s investment would serve as the seed funding for the venture, with more funds expected to be raised in due course of time.
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Source : CarDekho