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.
Myntra, part of the Flipkart Online Services Pvt Ltd, has acquired the online fashion platform Jabong from the Global Fashion Group. The $70 million deal will see the creation of one of the biggest online fashion platforms in India. The combined online retailers will have the distinction of becoming the largest e-commerce marketplace in the country.