Online education platform Ten Minute School has received foreign investment of Tk 17 crore. The company received investment as the first Bangladeshi ed-tech company under the ‘Surge’ program of Sequoia Capital India, one of the top venture capital companies in the world. The money will be used to develop new products and content, increase technical capabilities and expand the organization.
Ayman Sadiq, founder and director of Ten Minute School, said, ‘Ten Minute School grew 12 times in business in 2021 and the Ten Minute School app became very popular among our users. The investment from Sequoia Capital India will help expand Ten Minute School’s products, technology, skilled workforce and operations. Hopefully, through this investment in the new year, we will be able to further accelerate the development of Ten Minute School and deliver quality education to our students.’
In early 2020, when the normal education program in the country was stopped due to the Corona epidemic, the online education system started gaining popularity again. E-learning institutes are bringing out new courses and books in this effort so that education does not stop even in the lockdown. Nearly 9 million new students joined Ten Minute Schools during this pandemic alone. 17,000 new video lectures are added to their curriculum.
It may 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 to students. Started with the motto ‘Never Stop Learning’, the Ten Minute School program initially focused only on entrance exam preparation, but now it has expanded. Ten Minute School is working to bring quality educational online content nationwide. More than 3 million students are currently using this largest learning app in Bangladesh. Apart from studies, Ten Minute School is working to improve skills at an affordable price due to having many other courses including Spoken English, PowerPoint, Freelancing, Facebook Marketing.
In the beginning of 2022, the institute is planning to bring live coaching classes for students of class V to XII, test paper solve program for SSC and HSC candidates, complete preparation course for entrance examination and BCS, interactive academic books for class III-XII as well as more than 25 skill development courses.
Ten Minute School is also looking for talented, enthusiastic and hardworking young people to join their product, engineering, content and marketing teams.
From Prothom Alo:
Ten Minute School, the country’s largest online education platform, has received foreign investment of Tk 17 crore. The company received institutional investment for the first time. India’s Sequoia Capital has invested Rs. In return for this investment, Sequoia Capital will be associated with the ownership of Ten Minute School.
India’s Sequoia Capital is one of the world’s top venture capital firms. Ten Minute School has been running on project based sponsorship as an education platform for so long. And since the beginning, two entrepreneurs of the company, Ayman Sadiq and Abdullah Abiad, were associated with its ownership.
Ayman Sadiq, founder and director of Ten Minute School, said that the platform has seen 12 times more business growth in the outgoing year than the previous year. Sequoia Capital’s investment will help expand Ten Minute School’s products, technology, workforce and operations. This investment will further develop Ten Minute School 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, started its education program in 2015. Since its inception, the organization has been working to facilitate online education for school-college students. Through the Ten Minute School app, students can learn any subject from class I to XII through chapter-wise video lectures. Also there are quizzes and exercises to test yourself. As a result Ten Minute School App has become popular day by day among students.
Ten Minute School received an investment of 17 crore rupees
Ayman Sadiq told Prothom Alo, “In the beginning, we invested more than one crore rupees to build the company. Telecom operator Robi joined our initiative in 2016. Apart from this we used to take sponsors against various projects. Now I have added institutional investors to expand the education program.
More than 25,000 chapter-based video lectures on any subject from class I to XII prepared under the supervision of the best teachers of the country. 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.
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