College is a life-changing phase for most Indians, so messing that up isn’t the wisest thing to do. But a lack of thorough records on the Internet, or in any other case, compels a variety of students to take the wrong decisions. Each yr, hundreds of college students ends up pursuing the wrong route, or getting into the incorrect college, or both. And that’s simply the beginning.
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Sahil Chalana, a BITS Pilani graduate, founded Collegedunia in 2014 to avoid this very hassle. In simple phrases, Collegedunia bridges the records gap between colleges and college students before admission. Using Collegedunia’s sizable seek engine, a scholar or a determine can studies and collate information on various publications and establishments in India. A consumer can searching for information on a gamut of categories like organization, scores, circulation, course, placement, infrastructure, expenses, admission manner, and extra-curricular activities.
Features, Differentiation and Monetisation
The internet site interface became made over two months again, with a special emphasis at the assessments segment. Since then the startup has visible a profound increase in traffic. The examination phase enlists all form of details on all the essential country wide and country level entrance tests. The interface could be very person-pleasant and easy. For example, you can have a examine the JEE Advanced 2016 page.
The employer has a unique 25 member counselling team that engages in telephonic communication with college students to help them take the proper selections concerning higher training. It additionally functions a overview segment which has round 50,000 beneficial reviews from college students who are currently enrolled or are passouts from diverse institutions. A spokesperson says, “Five months back we had added an in depth evaluate form wherein users can upload their views on establishments or publications. We often update, filter and categorise those feedbacks, so that our customers get specific and relevant data.” Upcoming features at the app and internet site consist of rank and reduce-off predictions, and online counselling.
The business enterprise claims that its considerable database, curated content material and normal facts replace are a number of the matters that makes it stand out among the burgeoning competition.
Currently, the organization has an advert-primarily based revenue model. But it plans to make bigger its horizon via beginning an internet marketplace for have a look at materials.
Growth in Numbers
After finding that a truthful amount of its traffic became coming from cellular, the company launched an Android app around three months ago. And it has already registered near to twenty,000 downloads.
Collegedunia has more than 20,000 colleges and institutions enlisted in its database. And right here are a few information in order to help us understand the startup’s modern-day boom and traction.
Collegedunia Graph Table
Opportunities and Competition
According to a 2015 IBEF document, India has more than 1.4 Mn colleges with over 227 Mn students enrolled, and greater than 36,000 higher schooling institutes. India has one in all the largest networks of better training institutions in the international with 666 universities and 39,671 schools. It is likewise the 0.33 biggest in terms of education enrolment with over 21.5 Mn enrolments per yr. The Indian education area is said to be worth $one hundred Bn. Currently, the higher training area witnesses spending of over $6.Ninety six Bn (INR 46,two hundred crore), and it's far predicted to develop at a median annual rate of over 18% to reach $ 35.03 Bn (INR 232,500 crore) within the next 10 years. The personal training sector, which became valued at an expected US$ 96 Bn in 2015, is predicted to reach US$ 133 billion through 2020. Keeping this in mind, services like Collegedunia will play an crucial function in shaping the future of India’s adolescents populace.
The different huge gamers in this section encompass Shiksha.Com, Career360, HT Campus, Pagalguy.Com, and Minglebox, among others.
Funding and Future
The startup lately received $444K (INR three Cr) in pre-Series A round of funding from its existing investor Umang Kumar, co-founder and CEO of Gaadi.Com. Prior to this, it had raised $147K (INR 1 Cr) in angel investment from Umang Kumar in November 2014.
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The organisation aims to increase its college database to 30,000 by using the stop of this yr. Alongside, attributable to the big call for for foreign education, it plans to release a ‘examine abroad’ section quickly sufficient. It also plans to amplify its counselling crew, in order that it can deliver the counselling process on-line and help more students with real time counselling before admission. The corporation ultimately goals to build a complete pathway for college students, in order that their quit-to-quit needs are served.
The education industry in India is growing exponentially and the higher education area is not going to peer any decay inside the near future. Similarly, the number of students looking for higher training is also on the upward thrust. So, that leaves each students and schooling providers with loads of alternatives. It’s is most effective safe to mention that the marketplace offers quite a few possibilities. But the ed-tech area in India has simply started to grow.
Collegedunia has, till now, taken the proper steps in the direction of taking pictures this area of interest however vital phase. Now, simplest time will inform if it is able to play its playing cards right and successfully supply on its promises.a