Bengaluru-based startup Suphalaam, the owner of the popular online education marketplace, CAKART.in, has received funding from an angel group led by Sunil Maheshwari (founder of Mango, whose products were acquired by Qualcomnm).
CAKART is an online education marketplace that sells online courses to commerce stream students preparing for various finance exams in India such as Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountancy (CMA) and other related exams in the finance segment. Students can choose from a variety of courses and learn from a faculty at their own pace on any kind of device – desktop, tablet or phone. Suphalaam provides technology, training and support to teachers to create high quality courses.
Founders of Suphalaam include IITian Puru Mishra (CEO), Sunil Javaji (CTO), and Arun Kumar (COO). The founding members have earlier worked for leading tech companies in abroad and India and bring in a total of 30+ years of professional experience. In its earlier avatar, Suphalaam had indigenously built a national award winning mass education product – SmartBox – for students.
In less than 18 months, CAKART has found a recommendable traction in the market. More than 50 faculty and organizations have listed 1000+ products. 1,80,000+ students are currently signed up with the sales growing 20 times in the span of the last 18 months. While majority of sales are from around 150+ cities in India, many sales are also from countries such as Nepal, Dubai, Abu Dhabi and Bahrain.