Pakistani Ed-tech Startup Maqsad, Raises $2.8 Million In Seeding Round
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Loading... - Akshara Singh
- 27 Mar 2023
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Maqsad is a Pakistani Ed-tech startup that announced a $2.8 million seed round led by Speedinvest and returning investor Indus Valley Capital. Maqsad’s founders said in a statement on Thursday that the oversubscribed round also had participation from Stellar Capital, Alter Global, Johann Jenson (SVP Product at GoStudent), and other strategic angels.
Founded in 2021 by Rooshan Aziz and Taha Ahmed, Maqsad aims to make education accessible for 100 million Pakistani students via an end-to-end learning mobile platform that
provides teaching, testing, and query resolution for grades nine to 12.
The capital from this funding round, which brings Maqsad’s all-time capital raised to $4.9 million and positions the company as Pakistan’s best-funded edtech, will be used primarily to expand the subject offering and supercharge the tech behind the platform
While currently a purely business-to-consumer (B2C) platform, Maqsad’s long-term vision is to embed itself across the education ecosystem. The company has already received interest from private and public sector institutions for potential partnerships. Maqsad Founder Taha Ahmed said:
“Maqsad offers an exceptional learning experience for students at a fraction of the cost.
“Our focus on student problems is at the core of our mission, and we’ve collected feedback from over 20,000 students and teachers across Pakistan to ensure learning outcomes are being achieved.”
