E-learning marketplace EduKart has raised $1 million from Holostik Group’s United Finsec (family office arm), YouWeCan and 500 Startups. Other than this, existing investors Vijay Sharma, Manish Kheterpal, Arihant Patni, Amit Patni and Stanford Business School’s alumni angels also participated in the round. The startup will use the funds for upgrading its marketplace platform, increasing the number of courses and marketing efforts. Note that EduKart had raised $500,000 from angel and institutional investors including Kima Ventures, AKM Systems, Vibhor Mehra, Amit Patni and Arihant Patni, and an undisclosed Stanford alumni, in March 2013. Prior to this, the company had also raised $500,000 from Vijay Shekhar Sharma and Manish Kheterpal. As of now EduKart offers paid online educational courses including postgraduate programs, international programs, programming languages, skills developments, certification courses and postgraduate diplomas. The cost of the course depends on the course provider and subject of the course. Users can search for courses on the websites based on type such as diploma or degree, by institution, by specialization, by study categories of ‘books’, online’ etc, by exam type or by fee. Users only need to enter their email address to purchase a course, which can then be paid for by direct bank transfer or Paytm. Founded in 2011 by Ishan Gupta and Mayank Gupta, the platform claims to partner with over 90 course provides to provide over 2,000 courses, including providers like Aakash, Jamboree, Toppr, Indian School of Business, Bharati Vidyapeeth University, Vskills, Digital Vidya and Knowledge Woods. The company had also…
