Pakistan: Edkasa, an Edtech startup in Pakistan, has announced its $320K Pre-Seed funding round, led by i2i Ventures, with participation from Walled City Co., Zayn Capital, and strategic angels in Southeast Asia.
Edkasa was co-founded in 2017 and leverages mobile broadband technology to offer online remedial classes for standardized exam preparation. Its CTO, Muneeb Ali, a GIKI gold medalist, is also the founder and CEO of OneByte, which works with pre-seed, early-stage, and growth-stage startups to help build their products.
Annum Sadiq, Co-Founder of Edkasa said, “Education is the biggest bridge between the world that we have, and the world that we want. Edkasa is a dream coming to fruition, as we prepare to educate millions of Pakistani learners.”
The new mobile application features an initial quiz to gauge a student’s requirements and then offers customized studying paths based on their needs such as a specific exam, subject, or exam board. Matric and Intermediate students from classes 9-12 can view over 4,500 video lectures on-demand and take quizzes based on 15,000 past paper multiple-choice questions (MCQs) to gauge their understanding of specific topics.
Kalsoom Lakhani, Co-Founder and General Partner at i2i Venture commented, “We are excited to lead this landmark deal in the Edtech space in Pakistan. Annum and Fahad are exactly the kind of founders we like to invest in at i2i Ventures – they are using an innovative approach to solve an enormous problem in Pakistan, focusing on exam preparation while building on learnings from their large student user base. We have known them since they were part of the Invest2Innovate accelerator and are proud to be their partners in the next chapter of their journey and for what’s to come in their future.”
Shoaib Malik, Partner at Walled City Co. added, “Annum, Fahad, and the founding team at Edkasa are transforming the education and learning sector in Pakistan, bringing technology and differentiation to students by connecting them to Pakistan’s top teachers and helping them master essential concepts during their exam preparation. We are delighted to partner with Edkasa in these challenging times and are really excited about the opportunities ahead as we move towards the future of learning and helping students realize their potential.”
The investment was made to build out the exam prep app and scale Edkasa’s e-learning impact with students across the country.