Based out of Delhi, the online education portal Collegedunia has now reached great heights by securing $162,787 in their angel funding round. The funding comes from Umang Kumar, CEO of Gaadi.com along with a number of investors whose names haven’t been disclosed. Launched in May 2014, the portal has dedicated itself to providing all the necessary information about collegesand entrance exams that students would want to see before applying.
Sahil Chalana, a BITS Pilani graduate and the founder of Collegedunia says that the funds would be used for operations and marketing along with the improvement in the technology. The plan is to add another 7,000-8,000 colleges in the next six months to the existing 700. We go at great lengths to get our users the most detailed information which differentiates us from our competitors. One of the biggest learning I had from all this was that ventures fail but people who persist don’t, Sahil told YourStory.
The informaton provided for the colleges includes the admission criteria, fee structure, faculty details and even the hostel fee. The aim is to basically be a search engine for the colleges, courses and exams and in the long run turn out to be a Zomato in the education domain with the addition of coaching institutes, polytechnic institutes and extrance exam details.
The website receives over a million visitors per month of which 40 percent is direct traffic. Talking about the revenue model, the basic college listing is free for colleges and there are a number of paid features which provides visibility to the colleges on the website. Operating for an office in Prashant Vihar, Delh, COllegedunia currently has a team of 50 and the plan is to double th strength in the next six months.
We like the way Collegdunia is making a mark in the education industry, what’s your take?