Gurugram-based edtech start-up CollegeDekho raised $9 million (around Rs 73.3 crore) from Winter Capital in an ongoing funding round. 

Multiple sources said that the administrative board passed a special resolution to allot 8,842 Series B1 preference shares to Janeville Limited at an issue price of Rs 82937.98 to raise the amount. 

Prior to this capital infusion, the company raised $35 million last year in a Series B investment round led by Winter Capital, ETS Strategic Capital, Calega, and Man Capital in December 2021. 

Since its inception in 2015, the Ruchir Arrora-led company has raised $55 million till date. 

After raising the latest fund, it acquired three start-ups, PrepBytes, Getmyuni, and IELTSMaterial. 

CollegeDekho witnessed a 27 per cent surge to Rs 48 crore in the financial year (FY) 2021. It also clocked Rs 100 crore in FY22, Entrackr reported citing a statement made by the company. 

"India has been witnessing a shakeout in the edtech start-up space but this fresh round from our existing investors is a testament to the remarkable growth that CollegeDekho team has delivered," Ruchir Arora, co-founder and CEO of CollegeDekho, said.

The funding came at a time when the Indian edtech sector has been witnessing major upheavals. Big players like Unacademy and Vedantu were seen to terminate employees to keep their businesses on profitability track. 

Recently both companies laid off more than 300 employees to combat the global economic downturn.