How Much Did 10 Minute School Raise? Funding & Key Investors

10 Minute School has successfully raised funding over two rounds, with notable investors including Kunal Shah and Conjunction Capital. The platform offers a comprehensive range of educational services, from live online tutoring to offline language learning courses.

Keep reading to explore the intricacies of 10 Minute School's fundraising journey and the investors backing this innovative EdTech platform.

What Is 10 Minute School?

10 Minute School, founded in 2015, is the largest EdTech platform in Bangladesh. Based in Dhaka, the company offers a wide range of educational services, including live online afterschool tutoring and both online and offline language learning courses.

With a team of 101-250 employees, 10 Minute School focuses on making education accessible and enjoyable for students across the country. The platform provides courses for grades 6-12, HSC and SSC preparation, and various English learning programs.

How Much Funding Has 10 Minute School Raised?

1. Seed Round
   • Amount Raised: USD 2,000,000
   • Date: January 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their educational offerings and reach more students across Bangladesh.
2. Seed Round
   • Amount Raised: USD 5,500,000
   • Date: October 2023
   • Lead Investors: Conjunction Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To take high-quality and affordable education to millions of students nationwide.

Total Amount Raised: USD 7,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• Conjunction Capital
  • Details: Conjunction Capital is a UAE-based early-stage $50M technology fund with a focus on frontier markets. They led the Pre-Series A funding round for 10 Minute School.
  • Investment Focus Areas: Early-stage technology investments, frontier markets.
  • Notable Investments: Not publicly disclosed.
• Peak XV's Surge (formerly Sequoia Capital India)
  • Details: Peak XV's Surge is a venture capital firm known for its extensive experience in nurturing startups. They are a returning investor in 10 Minute School.
  • Investment Focus Areas: Technology, early-stage startups, innovation.
  • Notable Investments: Various successful startups across India and Southeast Asia.
• Startup Bangladesh Limited
  • Details: Startup Bangladesh Limited is the $50M government-backed venture fund of Bangladesh. They joined the 10 Minute School cap table to support the startup ecosystem and the education sector in Bangladesh.
  • Investment Focus Areas: Bangladeshi startups, education sector, various sectors.
  • Notable Investments: Not publicly disclosed.
• Kunal Shah
  • Details: Kunal Shah is the Founder & CEO of Indian Unicorn CRED. He participated as a marquee angel investor in the funding round for 10 Minute School.
  • Investment Focus Areas: Fintech, technology-driven startups, high-growth potential startups.
  • Notable Investments: CRED.
• Sajid Rahman
  • Details: Sajid Rahman is a veteran Bangladeshi angel investor and the Managing Partner of MyAsiaVC. He participated as an angel investor in the funding round for 10 Minute School.
  • Investment Focus Areas: Technology, education sectors, early-stage investments.
  • Notable Investments: Not publicly disclosed.

What's Next for 10 Minute School?

10 Minute School stands at the cusp of significant growth opportunities, driven by the increasing demand for online education in Bangladesh. With a user base of over 14 million students annually, the platform is well-positioned to expand its reach and impact. The recent funding round, which raised Tk 61 crore, underscores the potential for further scaling and enhancing their educational offerings.

Future fundraising prospects look promising, with continued support from existing investors and the potential to attract new global investors. As the platform scales, strategic partnerships and additional funding rounds are likely to follow, enabling 10 Minute School to innovate and expand its services further.

However, the journey ahead is not without challenges. The company must navigate economic uncertainties, competition from other edtech platforms, and ensure the quality and scalability of its content. Despite these hurdles, 10 Minute School's strategic vision and robust investor backing position it well for sustained growth and success in the evolving edtech landscape.

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