Gurgaon based CollegeDekho, an online platform which lists college across streams in the country and offers test preparation material, has raised seed funding worth $1 million from GirnarSoft, the parent company of CarDekho.
It will use the funds for development of the platform, building its team and marketing. GirnarSoft hints that it will likely invest more in the platform in the future. CollegeDekho suggests colleges based on stream and city inputs, lists college and entrance news updates. Students can also ask questions on its forum.
Developments in the online education sector:
– Last month, Meritnation crossed 1 crore users. In June, it had raised funding worth Rs 25 crore from InfoEdge. (Also read: Meritnation to launch six new offline Digital Learning Centers)
– In September, OnlineTyari raised $750,000 in funding from investors including 500 Startups, Mohandas Pai, Tandem Capital, Vikram Chachra and Aloke Bajpai, co-founder & CEO of Ixigo.
– In June, e-learning marketplace EduKart raised $1 million from Holostik Group’s United Finsec (family office arm), YouWeCan and 500 Startups.
– In May, Plancess raised $2 million in funding from Aarti Group’s promoters Rajendra Gogri and Chandrakant Gogri.
– In March, Mumbai-based e-learning startup Embibe acquired 100Marks, a student guidance platform in a cash plus stock deal.
Zigwheels acquisition: In September, car portal CarDekho acquired Times Internet* owned auto portal Zigwheels for an undisclosed amount, to help CarDekho enhance its content. Zigwheels would operate as an independent entity under the group.
CarBay: In July, CarDekho launched CarBay, a portal which would provide information on cars in Malaysia and Thailand. The Thai site would also have a Thai language option and offer search by model, brand, price and let users choose between preowned and new cars.
CarDekho funding: In May this year, the company raised an undisclosed amount of investment from HDFC Bank, a little over three months after raising Series B funding worth $50 million from Hillhouse Capital, Tybourne Capital, Sequoia and Ratan Tata.
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