Online education startup EduKart has raised $500,000 from a group of angel and institutional investors including Kima Ventures, AKM Systems, Vibhor Mehra, Amit Patni and Arihant Patni, and an undisclosed Stanford alumni. Existing investors One97 founder & MD Vijay Shekhar Sharma (Founder, One97 Communications) and former Providence Capital director Manish Kheterpal have also participated in the current round. Update: Speaking to Medianama, Mayank Gupta, COO & Co-Founder of Edukart said that the funds will be used for more course creation and increasing the number of their franchisees in different parts of the country. When asked about their plans to tackle competition, Gupta said that competition will not affect companies in this space for the next 3-4 years since the sector still young. Instead, competition is likely to help in creating an ecosystem giving more visibility and acceptance for online education. With increase in acceptability and preference of online education, this business can reach scale, adds Gupta. Started in 2011 by Ishan Gupta and Mayank Gupta, EduKart had previously raised $500K from Vijay Shekhar Sharma and Manish Kheterpal, as indicated by a TechCrunch report. The company offers paid online educational courses including post-graduation programs, international programs, programming languages, skills developments, certification courses, among others. The site also has a job portal through which it offers job openings across various sectors. The company presently claims to offer more than 75 courses and has more than 40 franchisees and 8,000 students enrolled with them. Their digital marketing course has the maximum traction and the company is looking to expand to all areas of higher…
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