Cricketer Yvraj Singh’s YouWeCan Ventures seems to be upping a diversion in a try collateral space.
Close on a heels of investing an undisclosed sum in Moovo, a logistic tech startup, a account has assimilated hands with 500 Startups and Holostik Group’s United Finsec (family bureau arm) to siphon in $1 million (Rs 6.4 crore) in preparation marketplace EduKart.
Existing investors of Edukart, including Paytm founder, Vijay Shekhar Sharma, former executive of Providence Equity Partners Manish Kheterpal, and Stanford Business School’s alumni angels also participated, a association has pronounced in a press release.
“The incoming supports will be utilized for serve upgrading a marketplace platform, augmenting march portfolio and strengthening selling efforts,” Ishan Gupta, arch executive officer of EduKart.com, said.
Industry estimates brace a sum preparation zone of India during over $60 billion. Around 50 percent of this is in aloft preparation sector, 40 percent in K12 zone and 10 percent in coaching, skilling and other non-formal areas.
The march providers listed on EduKart.com embody determined march providers opposite aloft education, K12 and coaching.
Some of a institutes embody Vidyamandir, Toppr, Brilliant Tutorials, Indian School of Business, Narsee Monjee Institute of Management Studies, Bharati Vidyapeeth University, School Guru and Digital Vidya among others.
“While on one hand, EduKart helps students and relatives make sensitive preparation associated decisions, on a other it has given several march providers a height to enhance their strech to Tier dual and Tier 3 cities opposite India,” pronounced Ankit Gupta, conduct of plan and investments for Holostik Group.
“EduKart can unequivocally turn your devoted partner in creation a right choices,” Yuvraj Singh has been quoted as observant in a news on ndtv.com.
In a subsequent 3 years, EduKart pronounced it is looking to expostulate sum enrolment sales of over $100 million for a march providers, by enrolling over one lakh students annually.
With inputs from PTI