The money and fairness deal will see CollegeDekho take over the PrepBytes platform to “further enhance” CollegeDekho Learn, its on-line platform providing a collection of reside, interactive programs throughout streams reminiscent of pc programming, enterprise, finance, and digital advertising.
“PrepBytes adds the vocational element to our already rapidly growing learn business. This will also mark our first foray in providing placements related services to our students,” stated Ruchir Arora, co-founder and CEO of CollegeDekho.
“PrepBytes adds the vocational element to our already rapidly growing learn business”
The PrepBytes founding group will be a part of CollegeDekho’s senior management and proceed to function independently.
“CollegeDekho and PrepBytes share a common vision of improving the quality of education and making students industry-ready,” PrepBytes co-founder and CEO, Mamta Kumari, added.
“We see this collaboration as a match made in heaven. We are excited to take this journey ahead from here and help more and more students have a successful career through our learning segment.”
CollegeDekho has raised some $35 million in Series B funding to this point, and says it’s “expected to hit a 4x revenue run rate growth over its last year’s numbers and scale further to maximise its growth” in 2022.
Together, the businesses have greater than 155,000 customers who’re utilizing the platforms to attend greater than 92,000 hours of classes.
Speaking to The PIE in 2021, CollegeDekho chief enterprise officer Tarun Aggarwal detailed the important thing enterprise segments the corporate focuses on together with admissions in India, examine overseas, training financing, on-line programs and training and hostel lodging.
Along with the net training providing CollegeDekho gives, Aggarwal stated that the examine overseas sector requires innovation, particularly following the Covid-19 pandemic.
“The whole study abroad counselling and admission process space needs to evolve, and become more efficient,” he stated.