EduKart
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
EduKart, founded in Delhi in 2011 by Ishan Gupta and Mayank Gupta, was an online education marketplace aggregating degree, diploma, certificate and entrance-coaching courses. Backed by 500 Startups and cricketer Yuvraj Singh's YouWeCan Ventures, it raised about $1 million.
02 / EduKart FAILURE REASONS
Failure factors
Paytm acquihired EduKart after it failed to raise new funds; sources said investors were still seeking a buyer for the EduKart business amid a tough edtech scale/funding environment. Economic Times same day: founder cited funding winter and no cash consideration for the team deal.
EduKart failed to raise new funds before the Paytm acquihire.
market hit a funding winter and the team sought a larger ecosystem; deal had no cash consideration.
03 / EVENT HISTORY
Events in the structured record
- Acquisition
Paytm hired about 50 EduKart staff and its founder in September 2016 after fundraising failed; EduKart received no cash consideration for the team transfer.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Online education marketplace in India
- 02
2500+ courses; $1M raised in 2015
- 03
Failed to raise new funds
- 04
Sept 2016: acqui-hired by Paytm