CollegeDekho acquires PrepBytes
Indian student enrolment platform CollegeDekho has acquired coding platform PrepBytes in a bid to strengthen its online learning offering.
The cash and equity deal will see CollegeDekho take over the PrepBytes platform to “further enhance” CollegeDekho Learn, its online platform offering a series of live, interactive courses across streams such as computer programming, business, finance, and digital marketing.
“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,” said Ruchir Arora, co-founder and CEO of CollegeDekho.
“PrepBytes adds the vocational element to our already rapidly growing learn business”
The PrepBytes founding team will join CollegeDekho’s senior leadership and continue to operate 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 date, and says it is “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 companies have more than 155,000 users who are using the platforms to attend more than 92,000 hours of sessions.
Speaking to The PIE in 2021, CollegeDekho chief business officer Tarun Aggarwal detailed the key business segments the company focuses on including admissions in India, study abroad, education financing, online courses and coaching and hostel accommodation.
Along with the online education offering CollegeDekho provides, Aggarwal said that the study abroad sector requires innovation, especially following the Covid-19 pandemic.
“The whole study abroad counselling and admission process space needs to evolve, and become more efficient,” he said.
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