CollegeDekho acquires Scholarship Facilitation Services for undisclosed amount

by Lionel Casey

Bengaluru: Education era startup CollegeDekho on Friday announced the acquisition of Delhi-based student business enterprise Scholarship Facilitation Services Pvt. Ltd. (SFS) for an undisclosed quantity.

Through the purchase, CollegeDekho goals to broaden its student-targeted counselling services to help college students find out and cosy Asphericalschooling abroad, in keeping with a business enterprise declaration. This acquisition may also improve CollegeDekho’s reach to college students who are looking to examine inside the US, Europe, and South East Asian nations.

CollegeDekho and SFS also goal to grow their test education and counselling facilities to over 25 using 2020.

CollegeDekho’s take a look at abroad business began operation in 2017 and has assisted students for admissions to instructional establishments in countries like Canada, Philippines, Germany, Ukraine, and Russia.

“With this acquisition, we get the bandwidth for a far more extensive geographical coverage across the world. CollegeDekho’s generation will assist in expanding the product portfolio, accordingly catering to a much wider target audience,” said Ruchir Arora leader govt of CollegeDekho in an assertion.

Founded with the aid of Manik Kubba, Umesh Sharma and Vikaas Wahi, the gamut of offerings supplied by way of SFS encompass need-primarily based, finance-based and college-based totally admission counselling offerings, alongside complete admission services to a college in their preference to global universities.

“The product fee that the CollegeDekho-SFS acquisition brings to the table is massive. Admission to foreign universities, assured scholarships, take a look at practice, help for top global college software, credit score transfer applications – the product offerings that we provide is precise in the industry,” stated Rajiv Singh, Co-Founder CollegeDekho in a statement.

“In the previous few years, India has witnessed an upward thrust inside the fee of training in India, therefore blurring the bonds between home and foreign higher education. As those numbers develop, together with the aspirational fee of a foreign degree, there may be a need for an Ed-

Tech company which can bridge the divide among domestic and overseas higher education. Coming together with CollegeDekho presents SFS with the right era platform & digital presence to scale up the operations pan India,” added Scholarship Facilitation Services leader govt Manik Kubba.

CollegeDekho has obtained a fund infusion of $8 million from its figure employer Girnarsoft Education Services Pvt. Ltd and London-based Man Capital LLP in May. In April 2016, each the traders had led a $2 million pre-Series A spherical in CollegeDekho.

CollegeDekho affords information approximately guides from over 36,000 academic institutions. It additionally has tie-u.S.A.With four hundred establishments to offer a not unusual application form (CAF) characteristic, which can be utilized by college students to use to more than one faculties using a single form.

First, the horrific information—Tesla isn’t approximately to release its vehicles in India anytime soon, visits to its plant, friendly hugs and Elon Musk’s tweets, however. Yes, Tesla’s arrival is an issue of time; while, and not if. But is that the only clue on the way to mark the advent of electric cars in India?

No, that genie is out of the bottle.

Electric automobiles (EVs) are coming and in a more credible, appreciable manner than ever before. So a ways, all we’ve were given is slow, incremental progress on the EV front, and an entire lot of lip service—be it from policymakers or enterprise. Pioneers within the area, like Chetan Maini’s Reva cars, launched in 2001, have been possibly too a ways in advance in their time. They got here directly to the scene while EVs had been, even globally, a salve to social sense of right and wrong at excellent and a hippie fad at worst. There became not anything incorrect with the idea, given India’s air pollutants tiers on my own.

Today, we’re in the direction of EVs understanding their full ability in India. The Union Budget 2019 has endorsed a reduction in excise duty on EVs from 12% to 5%. Also, it charts out an earnings-tax rebate worth ₹1.Five lakh for getting EVs, low customs duty on positive EV spare elements, and tax incentives for local manufacturers of these parts. There is, but, the scope for extra.

Early sparks

The first EV to be had to Indian consumers turned into the rudimentary Reva—India’s first electric vehicle. EV generation 18 years in the past was actually no longer as superior as it’s miles these days. After Mahindra’s buyout of the Reva Electric Car Co. In 2010, we got the second version, badged Mahindra e2o, in 2013. Since then, we’ve got seen some experimental motors—furnished under Union authorities tenders for institutional use to authorities companies—like the Tata Tiger EV in 2018 and the Mahindra eVerito in 2016. None of these products did enough to draw clients or encourage confidence in EVs. There had been not enough takers—because the e20 had already proved.

 

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