Paytm Acqui-Hires Edtech Startup EduKart

Mobile payment and e-commerce platform Paytm has acqui-hired edtech company, EduKart, and as part of the deal, the entire staff of the startup, and its founder Ishan Gupta, will be absorbed into the fintech company across various verticals. Gupta will join Paytm as vice president-business.

Edukart was founded in 2011 as a marketplace that aggregated K 12, degree, diploma and certificate courses, besides coaching for entrance examinations. It currently has over 10,000 paid students on its platform and partnerships with over 120-course providers.