Edukart Raises $500K To Bring Better Online Education To India And The Developing World


TechCrunch

Launched in late 2011 by Stanford grad and ex-Facebooker Ishan Gupta and Indian Institute of Management grad Mayank Gupta, Delhi-based EduKart is on a mission to bring online education to India and the developing world. Today, the startup announced that it has raised $500K in seed capital from a handful of institutional and angel investors. Participants include Kima Ventures, AKM Systems, Vibhor Mehra and Stanford alumni. The investment adds to the $500K the startup had previously raised from One97 Communications founder Vijay Shekhar Sharma and Providence Capital Director Manish Kheterpal.

With broadband penetration and smartphone adoption exploding around the world, particularly in India, Gupta sees a big opportunity for education. Over the last few years, he tells us, “we’ve seen enormous growth in the number of people in India making transactions online, the number of debit cards and, overall, a huge uptick in broadband penetration.” The convergence of these three…

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