Bangalore: College admissions platform CollegeDekho has acquired PrepBytes in an undisclosed cash-plus-equity deal to enhance the learning and upskilling of CollegeDekho Learn.
Following the acquisition, the founding team of PrepBytes will be joined by the senior leadership of CollegeDekho and will continue to operate independently, the company said.
Ruchir Arora, Co-Founder, CollegeDekho, said, “Prepbytes adds a vocational element to our already fast growing learn business.
The company will use PrepBytes’ platform to further enhance CollegeDekho Learn, while PrepBytes will be able to capitalize on CollegeDekho’s vast reach by venturing into non-coding courses, the company said.
CollegeDekho Learn and Prepbytes combined have over 155,000 users, who have participated in over 92,000 hours of sessions.
CollegeDekho said it completes almost half of all college searches in India. The company said it has facilitated over 300,000 college applications and ensured over 60,000 admissions since its inception.
PrepBytes is a coding platform that has users from over 1,500 Tier 2 and Tier 3 colleges and helps them learn coding in a personalized way. The company also offers placement guarantee programs to help students get jobs 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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