CollegeDekho, a college admissions and higher education services platform announced the closure of its Series B funding raising $35 million with investments from Disrupt ADQ and QIC.
The round has been led by Winter Capital, ETS Strategic Capital, the private equity investments arm of ETS, Calega and existing investor Man Capital, who infused $26.5 million in September.
CollegeDekho uses proprietary technology and an AI-based conversation bot to connect prospective students with colleges. CollegeDekho intends to use the funds to expand its offerings to students and colleges in India and around the world. The company will increase its investment in products and technology while expanding into new verticals such as Ed-Fin-Tech, student housing, and higher education coaching. It is also thinking about expanding its study abroad services in international markets. The funds raised will also be used for acquisitions and consolidation that make strategic sense for the company.