One97 comes to the rescue as EduKart crashes

Sep 28, 2016 • Robert Lavine

AKM Systems-backed online education marketplace EduKart has been acqui-hired by One97 Communications, after raising $2m in VC funding since 2011.

EduKart, an India-based online education provider backed by software provider AKM Systems, has been acqui-hired by e-commerce and mobile payment company One 97 Communications, LiveMint reported on Monday.

Founded in 2011, EduKart had built an online marketplace for educational courses and exam coaching. It had raised about $2m in funding, $500,000 of which came from a 2013 round featuring AKM, Kima Ventures, angel investor Vibhor Mehra and Stanford Business School Alumni Angels.

EduKart raised another $1m in a June 2015 round led…

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