Girnar Software, the parent company of India’s leading auto portal CarDekho and BikeDekho, has invested US $1 million in CollegeDekho, an education-focused startup. CollegeDekho is an online education platform, providing solutions to the college admission problems of students.
CollegeDekho is a unique online education-technology platform that provides interaction between students and colleges. Listed colleges with their course catalog cater information to students and help them choose the right education and career options based on their interests.
“Higher education in India is a market segment that requires a fresh approach to overcome the incumbent inertia. We quite liked the idea of a disruptive development that could assist students in making more informed choices. Additionally, the synergy and the strength of the vision driving the team at CollegeDekho also played a vital role in convincing us to invest so deeply into the venture,” said Amit Jain, Chief Executive Officer and co-founder, GirnarSoftware.
Ruchir Arora, Chief Executive officer and founder, CollegeDekho, said, “In India at any point of time there are 30-million students enrolled in 36,000 colleges. Despite being the third largest higher education market in the world, it is hugely underpenetrated and offers significant growth potential. CollegeDekho has been established to provide a transparent, open platform that facilitates interaction between students and colleges. Through this venture, we aim to provide students with authentic, comprehensive and unbiased information. This will help them in evaluating and selecting the career option most suited to their interests and proficiency.”
The investment of $1 million by the software giant, GirnarSoft will give CollegeDekho wings to create breakthrough solutions and a booming marketplace for educational technology. The seed funding for the business enterprise represents an absolute opportunity for business value creation of GirnarSoft. In due course of time, more funds are expected to be raised by the company.
Girnar Software (SEZ) Private Limited is a business value focused IT company working on offshore software development. Under the banner of GirnarSoft, CarDekho.com, BikeDekho.com, ZigWheels.com and TrucksDekho.com picked up $50 million from Hillhouse, Tybourne, and Sequoia Capital, and was valued at $300 million. It also bags investments from Ratan Tata and a strategic investment from HDFC Bank.