Online education platform Ten Minute School has received a foreign investment of Tk 17 crore. The company has received investment as the first Bangladeshi electronics technology company under the “Surge” program from Sequoia Capital India, one of the world’s leading venture capital firms. The money will be used to develop new products and content, increase technical capabilities and grow the organization.
Ayman Sadiq, Founder and Director of Ten Minute School, said, “Ten Minute School has grown 12 times in 2021 and the Ten Minute School app has become very popular among our users. Sequoia Capital India’s investment will help develop Ten Minute School’s products, technology, skilled workforce and operations. Hopefully, with this investment in the new year, we will be able to further accelerate the development of Ten Minute School and provide quality education to our students.
At the beginning of 2020, when the normal education program in the country was stopped due to the Corona epidemic, the online education system started to gain popularity again. Online learning institutes are offering new courses and books in this effort so that education does not stop even during lockdown. Nearly 9 million new students joined Ten Minute Schools during this pandemic alone. 17,000 new video conferences are added to their program.
It can be noted that Ten Minute School was started in 2015 by Ayman Sadiq and Abdullah Abiad Raed with the aim of making entrance exam preparation more accessible and affordable for students. Started with the motto “Never Stop Learning”, the Ten Minute School program initially focused only on preparation for entrance exams, but it has now expanded. Ten Minute School strives to deliver quality online educational content nationwide. More than 3 million students are currently using this largest learning app in Bangladesh. Besides studies, Ten Minute School strives to improve skills at an affordable price through many other courses, including spoken English, PowerPoint, freelance work, and Facebook marketing.
In early 2022, the institute plans to bring live coaching courses for students in classes V to XII, test paper solving program for SSC and HSC candidates, comprehensive exam preparation course and BCS, interactive academic books for class III-XII as well as more than 25 skills development courses.
Ten Minute School is also looking for talented, enthusiastic and hard-working young people to join its product, engineering, content and marketing teams.
From Prothom Alo:
Ten Minute School, the country’s largest online education platform, received foreign investment of Tk 17 crore. The company received an institutional investment for the first time. The Indian company Sequoia Capital has invested Rs. In return for this investment, Sequoia Capital will be associated with the ownership of Ten Minute School.
Indian company Sequoia Capital is one of the world’s leading venture capital firms. Ten Minute School has been operating on project sponsorship as an educational platform for so long. And from the beginning, two entrepreneurs of the company, Ayman Sadiq and Abdullah Abiad, have been associated with its ownership.
Ayman Sadiq, founder and director of Ten Minute School, said the platform has seen 12 times greater business growth in the past year compared to the previous year. Sequoia Capital’s investment will help expand Ten Minute School’s products, technology, workforce and operations. This investment will further expand Ten Minute School’s operations in the new year. This investment will go a long way in creating quality content.
Ten Minute School, the dream institution of Ayman Sadiq and Abdullah Abiad, launched its education program in 2015. Since its inception, the organization has been working to facilitate online education for students in schools and colleges. Through the Ten Minute School app, students can learn any subject from grade I to XII through chapter-wise video lectures. There are also quizzes and exercises to test yourself. As a result, Ten Minute School app has become popular day by day among students.
Ten Minute School has received an investment of Rs 17 crore
Ayman Sadiq told Prothom Alo: “In the beginning, we invested more than one million rupees to build the business. Telecom operator Robi joined our initiative in 2016. Apart from that, we used to take sponsors against various projects. Now I have added institutional investors to expand the education program.
Over 25,000 chapter-based video lectures on any subject from Class I to XII prepared under the supervision of the nation’s top teachers. More than 3 million students are currently using this learning app, the largest in Bangladesh.
9 million new students joined the platform in 2020. Ten Minute School is working to increase this number.
Recommend0 recommendationsPosted in