CollegeDekho Group has acquired Getmyuni and IELTSMaterial to become the largest student enrollment platform in India in a deal valued over INR 50 Cr.
According to the organisation’s press release the acquisition enables CollegeDekho Group to hit a 4x revenue run rate growth over its last year’s numbers and scale further to maximise its growth this year.
CollegeDekho and Getmyuni collectively cater to 50% of all college searches in India. With this partnership, CollegeDekho and Getmyuni collectively become the largest student enrollment platform in the country collectively driving more than 25Cr annual student traffic and facilitating 30K+ enrolments across almost 2000 partner colleges.
Acquiring IELTSMaterial will also enable CollegeDekho to scale its recently announced online learning vertical CollegeDekho Learn by adding English Testing Exam preparation capabilities for exams like IELTS, TOEFL, PTE, and OET which will further boost its fast-growing study abroad business.
“Like CollegeDekho, Getmyuni, works with the top universities and helps them with their admission solutions. While CollegeDekho’s focus area continues to fulfil end-to-end enrollment mandates of universities, Getmyuni will continue helping institutes with leads and branding solutions. We envision these as two complementary services, which will enable any university working with us to supercharge their enrolments. The acquisition of IELTSMaterial.com will help us enhance CollegeDekho Learn even further whilst strengthening CollegeDekho Study Abroad too.” said Ruchir Arora, Co-Founder and CEO of CollegeDekho.
“While Getmyuni was anyway a great fit with CollegeDekho Group, we are equally excited about scaling our respective learning verticals given the tremendous success of IELTSMaterial.com, which has hit a 20K online learner run rate in just under a year since inception” said Upneet Grover, Founder and CEO of Getmyuni.
CollegeDekho Group now runs multiple businesses across student enrollment, study abroad, online learning, education lending and is looking at more avenues for inorganic growth.
Getmyuni’s founding team will join CollegeDekho’s senior leadership and continue to operate independently as this adds fundamentally additive value to the partner universities.
CollegeDekho recently raised $ 35mn in its Series B funding round and is fast becoming a leading EdTech juggernaut in the higher education space.
Also read: Enterprising loans provider: Mayank Batheja
Posted in Corporate, News
