ETtechBengaluru: College admissions platform CollegeDekho has acquired PrepBytes in an undisclosed cash-plus-equity deal to expand its learning and upskilling vertical CollegeDekho Learn.
After the acquisition, the PrepBytes founding team will join CollegeDekho’s senior leadership and continue to operate independently, the company said.
The company will use PrepBytes’ platform to further enhance CollegeDekho Learn, while PrepBytes will be able to capitalise on CollegeDekho’s huge reach whilst foraying into non-coding courses as well, the company said.
CollegeDekho Learn and PrepBytes have more than 155,000 users combined, who have attended more than 92,000 hours of sessions.
CollegeDekho said it caters to around half of all college searches in India. It has facilitated over 300,000 college applications and ensured over 60,000 admissions since its inception, the company said.
PrepBytes is a coding platform that has users from more than 1,500 Tier 2 and Tier 3 colleges and helps them to learn coding in a personalised way. The company also offers placement guarantee programmes to help students get placed in IT and software companies.
In September 2021 CollegeDekho announced that it had raised $26.5 million in a funding round led by Winter Capital Partners, ETS Strategic Capital, College and existing investors Man Capital and Rajeev Chaba. The company was then valued at $90 million.
After the acquisition, the PrepBytes founding team will join CollegeDekho’s senior leadership and continue to operate independently, the company said.
“PrepBytes adds the vocational element to our already rapidly growing Learn business… This will also mark our foray into placements-related services for our students,” said Ruchir Arora, cofounder of CollegeDekho.
The company will use PrepBytes’ platform to further enhance CollegeDekho Learn, while PrepBytes will be able to capitalise on CollegeDekho’s huge reach whilst foraying into non-coding courses as well, the company said.
CollegeDekho Learn and PrepBytes have more than 155,000 users combined, who have attended more than 92,000 hours of sessions.
CollegeDekho said it caters to around half of all college searches in India. It has facilitated over 300,000 college applications and ensured over 60,000 admissions since its inception, the company said.
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PrepBytes is a coding platform that has users from more than 1,500 Tier 2 and Tier 3 colleges and helps them to learn coding in a personalised way. The company also offers placement guarantee programmes to help students get placed in IT and software companies.
In September 2021 CollegeDekho announced that it had raised $26.5 million in a funding round led by Winter Capital Partners, ETS Strategic Capital, College and existing investors Man Capital and Rajeev Chaba. The company was then valued at $90 million.
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