27 Sep 2016

Kiran Parmar

Paytm acquires Education Startup EduKart in No Cash Deal



Today Paytm has acquired online education startup Edukart in No Cash Deal. Edukart is founded by Ishan Gupta in 2014, which got seed funding from founder of Paytm Vijay and later backed by cricketer Yuvraj Singh along with other investors. 



     With current Deal all the 50 Employees of Edukart team will join  Paytm. 
As per Mr. Ishan Gupta - 

 "There is no cash consideration for the deal, and EduKart is separately in talks for a strategic sale of its assets like brand, website and content with education companies” 

reported in ET. 

               EduKart claims to be having 10000 paid students registered along with various college, university partnered to provide various courses. Ishan will join Merchant Division of Company as Vice President.

Paytm is expanding it services very aggressively, recently it has started Flight Booking, Movie ticket booking, partnered with IRCTC etc.

7 comments

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rishabh
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21 December 2016 at 22:19 delete

its to great step taken by paytm i appreciate you paytm good work
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Helpful blog post.
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