# Maqsad (Pvt.)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maqsad-pvt

- Industry: Education/Training
- Headquarters: Karachi, Pakistan
- Website: www.maqsad.io
- Total disclosed funding: $2.8M
- Latest round: Seed (Mar 16, 2023)
- Investors on record: 4

## About

Based in Karachi, Pakistan, Maqsad (Pvt.) Ltd. provides comprehensive online test preparation services, focusing on students preparing for academic entrance exams through innovative learning solutions and technology-driven platforms.Maqsad (Pvt.) Ltd. specializes in online entry test preparation services aimed at students preparing for academic entrance exams. Founded in 2021, the company is headquartered in Karachi, Pakistan. It has successfully completed 2 deals, with the most recent deal occurring on March 16, 2023, where it raised USD 2.8 mn in a Seed funding round. This round was co-led by Speedinvest and Indus Valley Capital, with participation from Alter Global and Stellar Capital. The founders, Rooshan Aziz and Taha Ahmed, have played significant roles in the establishment and growth of the company.Maqsad specializes in online entry test preparation services targeted primarily at students preparing for various academic entrance exams, including the MDCAT, ECAT, and BCAT. The core offerings include comprehensive online courses, practice tests, and interactive learning modules that enhance students' knowledge and test-taking skills. The main clientele consists of high school students and aspiring medical or engineering students in Pakistan, providing a structured learning experience to address challenges faced in preparation for critical entrance exams.Maqsad generates revenue through a subscription-based model that offers various pricing plans tailored to user needs. These plans typically provide access to features such as video lectures, practice exams, and personalized study schedules. Students may select a monthly subscription for unlimited access to all courses, with additional fees for premium content or one-on-one tutoring sessions. Transactions are primarily conducted directly with consumers as individuals enroll in courses via the website, ensuring a steady revenue stream from its educational services.In March 2023, Maqsad (Pvt.) Ltd. raised USD 2.8 mn in Seed funding to expand its subject offerings and enhance the technology behind its platform. The company is focused on developing new products aimed at improving the learning experience and is planning to enter new markets in the region by mid-2024. The recent funding will facilitate these initiatives, allowing Maqsad to bolster its technological infrastructure and diversify its educational offerings.

## Funding rounds

- Seed, Mar 16, 2023, $2.8M — Speedinvest, Indus Valley Capital, Alter Global, Stellar Capital

## Investors

- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed
- Indus Valley Capital (https://capitalatlas.ai/funds/indus-valley-capital) — Seed
- Alter Global (https://capitalatlas.ai/funds/alter-global) — Seed
- Stellar Capital — Seed