Pakistani startup raises pre-seed funding of $320,000 to launch app for exam preparation

Edkasa, a Lahore-based education technology startup has managed to raise pre-seed funding of $320,000 to help launch a new mobile application for exam preparation. The new app will leverage and make use of Edkasa’s existing userbase of 55,000 students and more than 40 schools throughout Pakistan which currently avail its services, according to a statement from the startup.

Edkasa raised the funding in a pre-seed round led by i2i Ventures, with participation from Walled City Co, Zayn Capital and strategic angels in Southeast Asia. The investment was made to build out the exam prep app and scale Edkasa’s e-learning impact with students across the country, the statement said.

The company says it has already helped thousands of students, and recorded over 1.3 million hours of viewing time with over 250,000 queries answered by its teachers in 2020.

“The new mobile application features an initial quiz to gauge a student’s requirements, and then offers customised studying paths based on their needs such as a specific exam, subject, or exam board,” according to the company.

It added that students could view on-demand video lectures and access quizzes based on past papers as well as compare their rankings on the app’s leaderboard.

Students sign up for the app for free and can continue to avail its services with a monthly subscription fee which gives them access to Edkasa’s learning materials across various subjects.

Annum Sadiq is a Lahore University of Management Sciences (Lums) alumnus and Fulbright Scholar who co-founded Edkasa in 2017 with Fahad Tanveer — a Lums and Harvard alumnus.

Source: Dawn