Higher education services platformCollegeDekho headquartered in Gurugram has successfully raised debt of Rs40 crore from Recur Club, a top debt marketplace forhigh-growth companies. The startup said that this infusion of capital will be a critical factor in driving its growth, developing technology, and optimizing operations before the next college admission season.

Eklavya Gupta, Co-founder and CEO of Recur Club, said, "India's higher education industry is set for outstanding growth, with the market size set to triple from $55 billion in 2023 to $180 billion by 2035. At Recur Club, we believe that platforms like CollegeDekho play an immense role in furthering better guidance in higher education in the country."

Market presence-wise, CollegeDekho has a large database with more than 35,000 colleges and multiple courses. In the last year, the website recorded staggering traction, creating over 225 million website sessions. The financials saw the startup's revenue rising by 32.2%, reaching Rs215.6 crore in FY24 from Rs163 crore in FY23.

In speaking about the financing, CollegeDekho's founder Ruchir Arora stated, "Our aim has always been to make high-quality, skill-centric higher education available and enable students to take smart decisions. With this fresh infusion of funding, we are better placed than ever before to grow even bigger and deliver increased value to our students as well as partner institutions."

This debt funding will allow CollegeDekho to further invest in its technology and grow its business, ensuring it continues to be a prominent player in India's fast-changing higher education ecosystem.