Girnar Soft invests seed funding in edu-startup CollegeDekho.
Girnar Soft, the parent company of India's online automobile marketplace CarDekho.com, recently invested US $1 million in education start-up, CollegeDekho, an online platform that connects colleges with students.
Pune | Red Newswire | Dec 1, 2015 01:42 AM IST. Girnar Soft is looking at tech-driven industry solutions for various industry verticals that can help circumvent the traditional roadblocks associated with them. "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 of the team at CollegeDekho also played a vital role in convincing us to invest into the venture," said Amit Jain, CEO and co-founder, Girnar Soft. CollegeDekho is looking to solve the bottlenecks in the college admissions process. Ruchir Arora, CEO and founder, CollegeDekho, feels that a transparent open platform that facilitates interaction between students and colleges is required today. "In India at any point of time there are around 30 million students enrolled in around 36,000 colleges. Despite being the third largest higher education market in the world, it is hugely underpenetrated and offers significant growth potential," he said.
Arora adds that the company aims to provide students with authentic, comprehensive and unbiased information regarding colleges. "This will help them in evaluating and selecting the career option most suited to their interests and proficiency," he said. CollegeDekho will be using the funds towards developing its platform, building its team and marketing. "This investment is a seed funding for the venture, and we expect to raise more funds in due course of time," added Arora.