Bangladeshi Startup Thrive Edtech Raises USD 180k in Its Pre-seed B-Round3 min read

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Thrive Edtech, an education technology startup based in Dhaka has raised USD 180k in its pre-seed B round as it continues to work towards reshaping the education landscape in Bangladesh.

The Education space in Bangladesh is unique. There are over 40Mn students in the country; the ecosystem and its people lack digital infrastructure, device availability, affordability, and tech-savviness. Moreover, the entire education system is overwhelmingly paper-based.  After a few solid years of experience in the industry, Thrive has realized that education in Bangladesh needs unique solutions that cater to classrooms – the place where learning starts. Hence, the start-up is on a mission to revolutionize how learning happens in classrooms all across Bangladesh.

Everyone learns in his/her own unique way. So teachers must pay close attention to each and every student and offer personalized guidance for effective learning. This is where the economics of education falls apart in Bangladesh. There are too many students and too few teachers. The analytical overload is simply unbearable. We’re actively building a radical solution to this problem. At our essence, we’re unlocking quality education at scale.

 

–    Proggo Pratik, Founder, and CPO

Thrive has received a strategic investment from Engr. Mehedi Hasan, Chairperson, and founder of  Omicon Group – a conglomerate that has over 30 years of experience in the education industry. Omicon group owns leading publishing titles of Bangladesh such as Lecture Publications, Sure Success Publications, and Newton Publications. Omicon has direct channels with over 70% of educational institutions and has one of the biggest educational content libraries in the country. Thrive looks forward to leveraging the market access this partnership allows.

‘I believe “EdTech” is the next big thing in Bangladesh’s education system. We have looked into 50 local EdTech companies and Thrive is the one that stood out. I put my trust in them to impact the education sector here on a mass scale’.

-Engr.  Mehedi Hasan

Thrive is excited to have Quazi Zulquarnain as one of its prime investors. Zulquar launched Uber in Bangladesh and subsequently served as the country head for three years. He currently leads global innovation for Uber’s mobility business based out of Amsterdam. He brings to the table deep operational expertise in scaling technology solutions for Bangladesh and beyond borders.

Thrive also has Mr. Abdul Ghafur Bashir as an advisor and an investor. Mr. Bashir is seasoned in the IoT industry and is a prolific investor in exciting opportunities such as Bangladesh’s gaming industry. He brings excitement and fuels the most ambitious possibilities of what Thrive can achieve.

Thrive has raised over USD 200K in total and is working towards changing how learning works in the classroom. It is doing so by bringing the power of personalized education to every classroom in Bangladesh.

We have a core team of 13 talented minds. They are young yet experienced in the education space. Half of our team members come from teaching backgrounds with years of experience. Most of our engineers have developed EdTech solutions before. This gives the team an Education-First mindset which, when combined with our outstanding team chemistry, drives us to tackle the largest problems in education.

 

–    Rafid Imran, Founder, and CEO

Some of Thrive’s notable accolades are being ranked in the 100 EdTech companies in South Asia by HolonIQ. Thrive EdTech also graduated from the NSU Startups Next program – the most competitive startup incubator in the country.

All of this paints a bright future for Thrive and validates the potential it has to do something big in Bangladesh and beyond.

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