New Delhi, India: Recur Club, a leading debt marketplace for high-growth businesses, has announced structured debt funding of INR 40 crore to CollegeDekho, India’s leading higher education ecosystem. This strategic funding will support CollegeDekho in driving growth, enhancing technological advancements, and ensuring seamless operations as the company prepares for the upcoming admission season. 

In its latest financial results, CollegeDekho revealed a 32.2% increase in revenue, rising to ₹215.6 crore in FY24, up from ₹163 crore in FY23. This impressive growth reflects the company’s ability to scale its operations and reinforces the strategic timing of the INR 40 crore debt funding.

Eklavya Gupta, Co-founder and CEO of Recur Club, said, “India’s higher education sector is poised for exponential growth, with its market size projected to triple from $55 billion in 2023 to $180 billion by 2035. At Recur Club, we recognise the crucial role of platforms like CollegeDekho, which is dedicated to enhancing higher education guidance in India. Supporting CollegeDekho highlights our commitment to promoting growth strategies that benefit educational institutions.”

CollegeDekho has established itself as one of India’s leading platforms for higher education guidance. The company’s recent recognition with the Growth Award at the EdTechX London Fest highlights its global impact and innovative approach. Over the years, the platform has grown into a comprehensive resource for students, offering data on over 35,000 colleges and various courses. In the past year alone, it recorded more than 225 million website sessions and provided free guidance to nearly 4 million students, helping 60% of India’s private college admits​. 

Ruchir Arora, CEO & Co-Founder of CollegeDekho, stated, “This round of funding is a strategic step to ensure we are fully prepared for the upcoming admission season and beyond. Our mission has always been to provide access to quality, skill-focused higher education and empower students to make informed decisions. With this funding, we believe that we will be able to scale new heights and deliver value to our students and partner institutions.”​

CollegeDekho has a track record of facilitating over 200,000 college admissions in the last seven years, contributing upwards of INR 5,000 crore in fee income to its partner higher education institutions​. This robust engagement underscores the scale of CollegeDekho’s student guidance ecosystem and its impact on India’s higher education landscape. 

This partnership will help CollegeDekho intensify its focus on product innovation and service excellence in higher education, bolstering its mission to be the trusted guide for students seeking the right colleges and career paths.

Overall, the INR 40 crore funding from Recur Club is set to fuel CollegeDekho’s growth plans and drive further innovation in the edtech and higher education space. The investment not only provides a boost for CollegeDekho’s expansion and brand-building efforts but also reaffirms the confidence in its vision of simplifying college decisions and empowering the next generation of students and educators.