Pakistani edtech platform Maqsad announced recently that it has raised $2.8 million in a seed round. The latest deal takes its all-time capital raised to $4.9 million.
This round was led by Speedinvest and returning investor Indus Valley Capital. With the participation also from Stellar Capital, Alter Global, Johann Jenson (SVP Product at GoStudent) and other strategic angels.
According to the company, the fresh capital will be used to expand the subject offering and supercharge the tech behind the platform.
Founded in 201, Maqsad provides localized academic content in a mix of English and Urdu to reach a wider section of school-going children. It also offers quizzes and other gamified features for students.
It aims to make education accessible for 100 million Pakistani students via an end-to-end learning mobile platform that provides teaching, testing, and query resolution for grades 9 to 12, the statement read.
Maqsad is currently a purely B2C platform, but the company said its long-term vision is to "embed itself across the education ecosystem".
In the last six months, the Maqsad app has been downloaded over a million times, answered four million student queries, and has consistently ranked as the #1 education app in Pakistan on Google Play Store, the company claimed.