Collegedunia Sees Fastest Growth Among Peers – Reports 92 Cr Revenue in FY20-21
Collegedunia is a one-stop platform for authentic information for over 30,000 colleges, 600 exams, and 3 lakh reviews for degree colleges and universities across India and abroad.
Collegedunia, India’s leading education portal, collected over 92 crores in the FY 2020-21 with a YoY growth of nearly 26%, strengthening its position as the market leader. The company has been consistent on its upward-growth trajectory for the last three years and is looking forward to increasing its market reach and diversifying into other marketing solutions for its 1200+ client base.
15% revenue has been collected from the company’s exclusive partnerships fostered with leading educational institutions where the company is offering end-to-end marketing and brand management services. A new digital agency founded under the aegis of Collegedunia is also part of this campaign, registering around five per cent of the revenue contribution.
One of the factors of the company’s growth can also be attributed to the impressive acquisition of the talent pool from top B-schools and engineering colleges in India. The company has hired over 300+ graduates from top institutes like IIM Ahmedabad, IIM Kozhikode, IIM Lucknow, IIM Indore, FMS Delhi, MDI Gurgaon, BITS Pilani, DTU, PEC, and other Tier-1 MBA and engineering colleges across the country.
Collegedunia’s intricate and customized content plans have been significant contributors to deeper integration with client partners. Due to this profound level of incorporation, Collegedunia is working on strategic decisions like which course to start, what the fees should be, the projection of the institute in the market, and the placement of the students. Thus, working more as a strategic advisor than just a business partner.
Established in 2014, Collegedunia has established itself as a one-stop platform for students and parents by offering authentic information and updates for over 30,000 colleges, 600 exams, and 3 lakh legitimate reviews for an array of degree colleges and universities across India and abroad.
In less than 7 years, Collegedunia with its user-friendly content, analytical prowess, and diversified revenue streams, has constituted itself as the education industry leader. Sahil Chalana, a BITS Pilani alumnus and founder of the company adds, “Collegedunia’s biggest strength is its continuous adaptation as per the industry requirements and introducing scalable, growth-focused models for its clients. The company’s extensive growth is a testament to the same and with the kind of vision the company fosters, the growth curve is only expected to broaden further. ”
As per Similarweb’s 6-month report (January-June 2021), Collegedunia and its subsidiary, Prepp.in, had some 20 million visits in June in contrast to Shiksha which had 21 million visits. Collegedunia also boasts one of the highest page per visit ratios of 3.12 pages, whereas Shiksha has 2.29 pages per visit.
For the second year in a row where Covid has caused uncertainties across the country, the company has spectacularly managed to exhibit a continuous, steady growth rate. Sanjay Meena, business head at Collegedunia said in a statement, “Collegedunia strives to add increased value for its clients by creating hybrid models and endless opportunities for scaling revenues exponentially with the least risk and investment involved. With strategic partnerships, expansion into new territories, and creating multiple revenue streams, Collegedunia is extremely hopeful and aims to target 150 crores in the next financial year.”