Pakistan's edtech startup Out-Class has raised $500,000 from its seed round, the company announced on Thursday. The investment round was led by Pakistan's House of Habib, alongside other global institutional and angel investors.
Launched in 2021 as the 'Netflix for students' by a LUMS alumna and two Harvard alumni, Out-Class is aiming to become an equaliser for education. It already serves over 10,000 students through bite-sized courses, the company said.
It added that it plans to deploy the new funds to expand its course offerings, invest in improving teacher quality and build new personalisation and adaptive features into its platform.
“We were inspired by the Out-Class team’s vision to make high-quality content accessible for students through an innovative, world-class platform,” said Hamza Habib, Non-Executive Director at House of Habib.
CEO Out-Class Aiman Bashir stated: “We started off by offering crash courses to students to prepare them for high-stakes exams at one-fourth the price of tuition academies. But we’re just getting started.
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“Our goal is much bigger - in a country where one-third of children are out of school, we want to make high-quality education accessible and affordable to all."
With the recent investment and financial crunch setting in globally, the founders are wary but hopeful.
“We feel tremendous responsibility in our role towards contributing to Pakistan’s educational...
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