Bangladesh’s online educational platform Ten Minute School has received a foreign investment of Tk 17 Crore under Sequoia Capital India’s ‘Surge’ program.
As the first Bangladeshi ad-tech company to invest in Ten Minute School. This investment will be used to create new products and content, increase technical capabilities and expand the organization.
Regarding investment, Ayman Sadiq, founder and director of Ten Minute School, said, “In 2021, Ten Minute School is 12 times bigger commercially. The Ten Minute School app is very popular with our users. The investment from Sequoia Capital India will help expand the Ten Minute School’s products, technology, skilled manpower and activities.”
“Hopefully, through this investment in the new year, we will be able to accelerate the development of the Ten Minute School and bring quality education to our students,” he said. In addition, the investment will play a role in creating quality content.
When the normal education activities of the country came to a standstill due to the Corona epidemic in early 2020; Then the online education system started gaining new popularity. The e-learning institutes have come up with new courses and books in an effort to keep learning in lockdown. During the epidemic alone, about 9 million new students were added to the Ten Minute School. 17,000 new video lectures were added to their educational activities.
Ayman Sadiq and Abdullah Abiad Raid started the journey of Ten Minute School in 2015 with the aim of making the preparation of admission test more accessible and affordable for the students. The activities of the Ten Minute School, which started with the motto ‘Never Stop Learning’, were initially focused only on admission test preparation but now it has expanded. Ten Minute School is working to deliver good quality educational online content across the country.