India-based auto marketplace CarDekho has invested $10 million in CollegeDekho, an edtech startup providing search-and-discovery services related to higher education.
GirnarSoft, the parent of CarDekho, had invested $1.0 million in CollegeDekho in 2015. The latest cash infusion is part of CarDekho’s strategy to continue focusing on its core classifieds ecosystem, according to a news release shared with the AIM Group.
CarDekho’s renewed focus on classified businesses comes just weeks after a proposed merger deal with rival CarTrade failed to materialize. The CarDekho Group is expected to float an IPO in 2026.
Founded in 2015 by CEO Ruchir Arora, CollegeDekho has reportedly counselled more than 1.2 million students and facilitated around 200,000 college enrolments. The startup reports that it has accumulated 842 million website sessions to date. Its services include entrance exam preparation, career and course selection guidance, admission support, and college discovery.
Amit Jain, co-founder and group CEO of CarDekho Group, said the company’s continued investment in CollegeDekho reflects its conviction in the latter’s ability to democratize access to quality education, guidance, and skills development for students across the country. CarDekho values India’s fast-evolving edtech sector at $7.5 billion.
CarDekho Group, for its part, has been actively expanding its portfolio. Over the last few months, the IPO-bound company has made multiple investments, including in AI company Biup Technologies, fleet management company Carrum, and conversational AI startup Girnar AI Innovations Lab.
CarDekho Group’s ecosystem also includes auto businesses BikeDekho, TractorDekho, and ZigWheels, insurance vertical InsuranceDekho, fintech arm Rupyy, and auto classified and financing aggregators OTO and CarMudi in Southeast Asia.
