Surge Invests $2m in 10 Minute School1 min read
Anyone who has relevant knowledge about the education technology industry in Bangladesh are familiar with 10 Minute School. Once a humble educational platform on social media, the brand has scaled rapidly over the years. Recently, Surge, India’s rapid-scale program of Sequoia Capital took an interest in them. It resulted in them investing $2m as seed funding in 10 Minute School.
The recent turn of events has made 10 Minute School a benchmark setter in a lot of ways. For starters, it is now the first EdTech in Bangladesh to gain funding from Surge. Surge’s main interest behind the funding is to expand the brand’s talent acquisition, technology, and product development.
The EdTech company has been revolutionizing the education scene in Bangladesh by making premium resources for students countrywide.
A Stroke of Perfect Timing
Surge’s investment in 10 Minute School could not have come at a better time. The pandemic and recent lockdowns in Bangladesh have allowed the EdTech to rapidly scale up their operation.
Moreover, their mobile app has recently exceeded 3 million users. The investment also provides scopes for the brand to achieve their objective of upskilling the youth.
All in all, 10 Minute School becoming the first EdTech to receive seed funding from Surge is not just a novelty incident. It also opens up opportunities for other similar organizations to expand their operations.
What are your thoughts on 10 Minute School receiving seed funding from Surge? For more information, visit Markedium!