Edutechs, an educational technology startup, has raised an undisclosed amount in its pre-seed round led by Dekko Isho Venture Capital and Paramount VC. With this new fundraising, the company aims to onboard and support more clients and expand its team to achieve its vision of revolutionizing the education system in Bangladesh and empowering 40 million learners with efficient communication and learning management tools.
Founded in 2019, Edutechs is a SaaS EdTech platform that enables teachers to digitize their administrative work and reach millions of students in one go. It is committed to automating administrative and learning procedures with smart integrations and automation with popularly used Education Tools (Zoom, Google Classroom, etc.), leading to time-savings and eventually hybridizing classrooms.
Speaking about the latest development, Chief Executive Officer of Edutechs, Mohammad Ekram, said:
This is another massive step in completing my initial dream of having education in Bangladesh compete with Western countries. With Edutechs, we will ensure that the best and brightest pursue their education in Bangladesh and choose to stay and push the country forward.
The innovative technology has already seen a 150 per cent rise in its KPIs and has improved the operational efficiency of over 12,000 educators.
Commenting on the investment, Prottoy Hossain, CEO of Dekko ISHO Venture Capital, added:
With their innovative approach and dedication to bridging the educational gap, Edutechs is positioned to transform the learning landscape, empowering students and educators. I am thrilled to support their vision and contribute to the development of education in Bangladesh.
Managing Director of Paramount VC, Shadab Hossain, commented:
The inclusive range of educational tools and the unwavering commitment to providing a quality education for all socio-economic backgrounds puts Edutechs in a noble position to enhance the education sector in Bangladesh.
Edutechs had raised $100,000 in its pre-seed round, led by serial investor Mohammad Maaz and industrialist FK Md Emdad Khan, in 2022.