Online educational platform 10 Minute School has raised $2 million in seed funding from Surge, Sequoia Capital India’s rapid scale-up programme, to increase investment in product and technology.
The investment makes 10 Minute School the first EdTech company in Bangladesh to secure funding from Surge. Sequoia Capital India is a venture capital firm which backs early-stage startups focusing on technology, healthcare and other sectors.
For all latest news, follow The Daily Star’s Google News channel. The development gives hope amidst local education startups turning unsuccessful in attracting global investors despite the huge potential created by the pandemic.
Although local startups received at least $163 million in foreign funding in 2021, only Shikho’s $1.3 million seed money can be deemed a notable investment in the online learning segment.
On the other hand, Indian online learning platforms received billions of dollars in 2021.
“Logistics and fintech has so far attracted global investors. But, I think 2022 will be the year for online education platforms as the pandemic has…
