Lighthouse Canton has contributed Rs 30 crore, or about $3.5 million, to CollegeDekho, an online resource that assists students in selecting the best college.
A $35 million Series B round led by Winter Capital, ETS Strategic Capital, Calega, and Man Capital was closed by CollegeDekho earlier in December 2021.
With the most recent fundraising effort, the organization will improve its technology infrastructure, reach a wider audience, and guarantee smooth operations throughout the next admissions season.
Over the past seven years, CollegeDekho, which was founded by Ruchir Arora, has assisted over two lakh students in getting accepted into Indian colleges. Additionally, it offers skill-based degree programs in collaboration with universities.
The business recently brought on two seasoned experts to bolster its leadership. With almost 30 years of experience, Arshad Mumtaz became the retail company’s chief operating officer. With more than 20 years of sales and growth experience, Deep Prakash joined as Head of Sales—retail Business and GetMyUni.
According to media, CollegeDekho’s operating revenue climbed from Rs 163 crore in FY23 to Rs 216 crore in FY24. In the previous fiscal year, its losses stayed constant at Rs 129 crore.
