Education startup Thrive raises $180k in early funding

Thrive Edtech, an education technology startup based in Dhaka, has raised $180,000 in its early funding stage as it continues to work towards reshaping the education landscape in Bangladesh.

Thrive has already received a strategic investment from Engineer Mehedi Hasan, chairperson and founder of Omicon Group – a conglomerate that has over 30 years of experience in the education industry.

Thrive looks forward to leveraging market access through partnership with Omicon, as the group owns leading publishing titles of Bangladesh, has direct channels with over 70% of educational institutions, and has one of the biggest educational content libraries in the country.

Thrive also has Quazi Zulquarnain – who launched ridesharing service Uber in Bangladesh – as one of its prime investors.

The startup also has Abdul Ghafur Bashir as an advisor and investor. Bashir is seasoned in the internet of things (IoT) industry and is a prolific investor in exciting opportunities such as Bangladesh's gaming industry.

Thrive has raised over $200,000 in total and is working towards changing how learning works in the classroom. It is doing so by bringing the power of personalised education to every classroom in Bangladesh.

Some of Thrive's notable accolades are being ranked in the 100 EdTech companies in South Asia by HolonIQ. Thrive EdTech also graduated from the NSU Startups Next program – the most competitive startup incubator of the country. 

The startup thinks the education space in Bangladesh is unique as there are over 40 million students in the country. But the learning ecosystem and its people lack digital infrastructure, device availability, affordability, and tech savviness.