Delhi based e-learning startup, Edukart has raised USD 500K in seed funding from institutional and angel investors as reported by thenextweb. The round was lead by French origin Kima Ventures and other includes Amit Patni and Arihant Patni, Shiven Malhotra of AKM Systems, Vibhor Mehra (ex-partner of SAIF Partners) a Stanford Alumni.
The company will use fresh round in launching new courses in partnership with Indian and international institutions, and strengthen its franchisee network.
This is the second investment made by Kima Ventures in e-Learning startups in India. The first investment of $150,000 came in Codelearn, online learning startup for programmers.
Jeremie Berrebi, the cofounder of Kima ventures believes that India and other emerging markets have massive scope of leveraging online education opportunity and deliver high quality solutions to masses.
EduKart works on the model of paid courses taken online in areas of Retail, Finance, Telecom, Digital Marketing, Programming Languages and Project Management and targets graduates, professionals to grow their knowledge & skills even in a tight schedule.
As per the company, within just 2 years of its inception, it has more than 8000 students and 40 franchisees across India. At present Edukart is also looking for more strategic partnerships in the U.S, so as to bring quality, affordable educational programs to Indian students.
EduKart.com was started in 2011 by alumni of Stanford University, Ishan Gupta and Mayank Gupta (IIM). It had previously raised funds from One97 Communications founder Vijay Shekhar Sharma and Providence Capital Director Manish Kheterpal.