Paytm has acqui-hired EduKart, an e-learning marketplace for an undisclosed amount. As of now, EduKart’s website is live and functional and multiple teams are still working at the company, according to a support executive we spoke with. The Mint report stated that around 50 of EduKart’s employees would join Paytm’s seller services division. Paytm confirmed the development to MediaNama but did not respond to our query about the startup’s employees and functions. It is unclear as to how long EduKart will continue functioning for and if its employees will join Paytm. EduKart's co-founder Ishan Gupta now works as the VP of business at Paytm. Gupta has worked with Paytm previously (among other companies) for 2 years before he co-founded EduKart with Mayank Gupta in 2011. Mayank Gupta left the company in December 2014 and joined Zopper as VP of services in August…
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