The CarDekho Group has made a fresh $10 million follow-on investment in Gurugram-based edtech platform CollegeDekho. This move shows how CarDekho invests in CollegeDekho and opportunities that reinforce its long-term bet on the education technology space, according to a company statement.
This latest infusion builds on CarDekho Group’s earlier backing of CollegeDekho. It comes at a time when the edtech company has achieved profitability. CarDekho currently holds around a 40% stake in the startup, highlighting how CarDekho invests strategically to increase its influence in the sector. CarDekho invests in CollegeDekho to further enhance this position.
Founded in 2015, CollegeDekho operates an end-to-end digital platform. It helps students discover colleges, choose courses, prepare for entrance examinations, and navigate the admissions process. The platform works with over 2,000 universities and colleges across India and overseas. This positions it as a comprehensive gateway for higher education aspirants.
The fresh capital will be deployed to strengthen CollegeDekho’s presence in tier-II and tier-III cities. Here, demand for accessible and reliable education guidance continues to rise. The company also plans to expand its product offerings and deepen engagement with educational institutions. CarDekho invests in growing the reach of CollegeDekho to fulfill this potential.
“After attaining profitability, this investment will accelerate our efforts to expand access to quality education and skilling pathways. We will leverage technology to improve student outcomes. Also, we will work closely with institutions to bridge the gap between education and employability,” said Ruchir Arora, founder and chief executive officer of CollegeDekho.
The development comes a month after auto marketplace CarTrade Tech announced that it had ended discussions with Girnar Software regarding a potential acquisition of CarDekho and BikeDekho. This highlights a period of strategic consolidation and focus within the automotive and digital platforms ecosystem.
The CarDekho Group, founded in 2008 by brothers Amit and Anurag Jain, operates a portfolio of digital platforms. These include CarDekho, BikeDekho, ZigWheels, InsuranceDekho, and Revv. Over the years, the group has attracted marquee investors such as Peak XV Partners, Hillhouse Capital, and CapitalG. This network of connections demonstrates how wisely CarDekho invests its resources. Indeed, CarDekho invests in CollegeDekho as part of this strategic vision.
“Our continued investment in CollegeDekho reflects our conviction in its ability to democratise access to quality education, guidance, and skilling for students across the country,” said Amit Jain, cofounder and CEO of the CarDekho Group.
CarDekho entered the unicorn club in 2021 after raising $250 million in a funding round. This valued the company at approximately $1.2 billion. With this renewed investment in CollegeDekho, the group is signalling a sustained commitment to building scaled digital platforms beyond automotive marketplaces. They particularly focus on sectors with long-term social and economic impact. This is why CarDekho invests in CollegeDekho, to advance its educational platforms alongside its automotive interests.