10 Minute School, a leading K12 and skills development EdTech platform in Bangladesh, has announced that it has raised $5.5 million (Tk 61 crore) in its pre-Series A round led by venture capital firm Conjunction Capital. The funding round was also joined by returning investors Peak XV’s Surge (previously Sequoia Capital India), the Sovereign venture fund of the Bangladesh Government, Startup Bangladesh Limited, Marquee Angel investor, the Founder & CEO of Indian Unicorn CRED, Kunal Shah, veteran Bangladeshi Angel investor, the Managing Partner of MyAsiaVC, Sajid Rahman as well as several other local angel investors.
Co-founded by Abdullah Abyad Raied, Ayman Sadiq, and Mirza Salman Hossain, 10 Minute School provides live-streamed classes for K12 students, as well as pre-recorded lectures, university admission test prep, and personalized quizzes, among other content, through a smartphone app. The platform currently has over 35,000 recorded video courses, over 82,000 quizzes, and resources such as practice tests, ebooks, and lecture notes covering the national curriculum. 52% of its students come from rural and semi-urban areas outside Dhaka, and 34% are female (addressing gender gaps in education is one of 10MS’s priorities). The company aims to deliver high-quality and affordable education to millions of students nationwide.
Speaking on the fundraising, Co-founder and CEO of 10 Minute School, Ayman Sadiq, said:
At 10 Minute School, our vision has always been to democratize education. This funding not only validates our mission but also fuels our efforts to create a lasting impact on the K12 and skills development landscape in Bangladesh. With the support of our investors joining this round, we are poised to reach even greater heights and empower the future of our nation for a Smart Bangladesh as part of Vision 2041.
As Bangladesh’s largest online learning platform, the startup believes in the limitless possibilities of truly educated and skilled human beings. Since its inception in 2015, 10 Minute School has been committed to revolutionizing education accessibility, bridging the gap between traditional learning methods and the digital age.
Adding further about the investment, Mirza Salman Hossain Beg, Co-founder & COO of 10 Minute School, said:
Fundraising amid a VC winter and a global economic downturn was an incredibly challenging experience that tested our resilience as founders. It was a humbling yet character-building exercise that reinforced our belief in the transformative power of education. We’re grateful to our investors for recognizing our potential and joining us on this journey to make quality education accessible to all while we build an enduring business.
Kirill Kozhevnikov, Managing Partner, Conjunction Capital (ex-India Partner of RTP Global), commented:
We are thrilled to lead this pivotal investment round in 10 Minute School. This marks our first venture into the Bangladesh market, and we are confident that this partnership will redefine the education landscape in the country. The passion and innovative drive of 10 Minute School’s team align perfectly with our values, and we are excited to contribute our global insights and support their mission to provide accessible, high-quality education for all.
Conjunction Capital’s participation in this funding round underscores 10MS’s enormous potential to improve education in Bangladesh and throughout the region. The firm, a $50 million early-stage technology fund located in the UAE focusing on frontier markets, delivers strategic insights and worldwide knowledge to accelerate the startup’s growth trajectory.
With this funding, 10 Minute School hopes to expand its technological capabilities, content, and operations. It also aims to provide personalized learning experiences for students by using AI, and it will bring in more engineers and product managers to support its tech development.
Last January, 10 Minute School raised $2 million in seed funding from Sequoia Capital India’s Surge. The startup’s latest funding brings its total raised to $7.5 million (Tk78 crore).
