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.
Fastudent, a B2B2C education e-commerce marketplace has announced a Pre-Series A fund raise from a group of investors including Kanwaljit Singh Fireside Ventures, Ajay Lakhotia former Vertex Venture Director and Pavan Ongole former SoftBank Director. Ashish Gupta, Trustee Ashoka University and former COO of eValueServe who invested in angel round also participated.