CL Educate - formerly known as Career Launcher has acquired test preparation materials publisher - GK Publications. The financial details of the transaction were not disclosed.
GK Publications was founded in 1994 by Rakesh and Poonam Mittal. It publishes books, guides, test papers and question banks for professional examinations like GATE, IES, IAS, various, Public Sector Undertaking examinations, CAT, etc. G K Publication currently sells around 600,000 titles every year to about 200,000 students.
DropKaffe, owned and operated by DropKaffe Food and Beverages Pvt Ltd, has raised about R2 Cr ($300 K) in seed round led by angel investor Manish Singhal and Silicon Valley-based fund P39 Capital along with participation from other angel investors based in the US, India and Singapore.