Thrive, an education technology startup based in Dhaka, has raised $180k in its pre-seed funding round, the company has announced recently.
The company received the strategic investment from Engr. Mehedi Hasan, chairperson and founder of Omicon Group, a Dhaka-based conglomerate that has one of the biggest educational content libraries in the country; Quazi Zulquarnain, former country head of Uber Bangladesh; and Abdul Ghafur Bashir, a seasoned professional in the IoT industry and a prolific investor.
Founded in 2019, Thrive is working towards changing how learning works in the classroom by bringing the power of personalized education to every classroom in Bangladesh. The startup thinks the education system in Bangladesh is unique as there over 40 million students in the country, but the learning ecosystem and its people lack digital infrastructure, device availability, affordability, and tech-savviness. Additionally, the entire education system is overwhelmingly paper-based. Realizing this, the startup is on a mission to revolutionize how learning happens in classrooms all across Bangladesh.
Talking about the company and what it does, Proggo Pratik, Co-founder and CPO of Thrive, said,
“Everyone learns in his/her own unique way. So teachers must pay close attention to each and every student and offer personalized guidance for effective learning. This is where the economics of education falls apart in Bangladesh. There are too many students and too few teachers. The analytical overload is simply unbearable. We’re actively building a radical solution to this problem. At our essence, we’re unlocking quality education at scale.”
Adding further about the company, Rafid Imran, Co-founder and CEO, Thrive, said,
“We have a core team of 13 talented minds. They are young yet experienced in the education space. Half of our team members come from teaching backgrounds with years of experience. Most of our engineers have developed EdTech solutions before. This gives the team an education-first mindset which, when combined with our outstanding team chemistry, drives us to tackle the largest problems in education.”
Thrive has been ranked in the 100 EdTech companies in South Asia by HolonIQ. The company is also graduated from the NSU Startups Next program – the most competitive startup incubator in Bangladesh.
Commenting on the investment, Engr. Mehedi Hasan said,
“I believe EdTech is the next big thing in Bangladesh’s education system. We have looked into 50 local EdTech companies and Thrive is one that stood out. I put my trust in them to impact the education sector here on a mass scale.”
With this latest funding, Thrive has so far raised over $200k in total investment. The new investment has made Thrive one of the well-funded startups in the education space in Bangladesh.