# Ostaz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ostaz

- Industry: Education/Training
- Headquarters: Beirut, Lebanon
- Website: www.ostaz.com
- Latest round: Seed (Feb 1, 2020)
- Investors on record: 2

## About

Ostaz, based in Beirut, Lebanon, is an innovative private tutoring platform linking over 60,000 students with a network of more than 12,000 expert tutors, enhancing personalized learning experiences across various subjects.Founded in 2016 in Beirut, Lebanon, Ostaz connects students with expert tutors in a tailored learning environment. The company, which was previously known as Synk, has completed four deals, with the most recent occurring on April 1, 2021. The founders, Audrey Nakad and Zeina Nakad, have a commitment to improving educational outcomes in the MENA region. In April 2021, Ostaz was acquired by Inspired Education Holdings Limited, further expanding its market reach. The company has raised a total of USD 1.800 mn, primarily from investors including 500 Global, Crescent Capital, and Dubai Angel Investors.Ostaz's core product offering revolves around its innovative private tutoring platform, which connects students with a vast network of over 12,000 expert tutors. This platform facilitates personalized learning experiences tailored to diverse educational needs across various subjects and academic levels. Ostaz primarily serves students seeking academic support, parents looking for quality tutoring services, and educational institutions aiming to enhance their programs. The services are mainly marketed in the Middle East and North Africa (MENA) region, focusing on urban centers with high educational demand.Ostaz's revenue model is based on service transactions conducted through its platform, emphasizing direct-to-consumer relationships. Students and their families utilize a streamlined booking system for tutoring services, allowing for flexible scheduling and customized sessions. While specific pricing details are not disclosed, the platform likely features various options to cater to different client needs. Revenue is generated primarily through fees collected for tutoring sessions, establishing a direct income line from users. The recent acquisition also indicates potential future revenue diversification opportunities through partnerships with educational institutions.Following the acquisition on April 1, 2021, Ostaz is set to expand its offerings into new markets, leveraging the support of its new parent company, Inspired Education Holdings Limited. The company plans to develop new products tailored to emerging educational needs, although specific release dates are not provided. The recent funding will be utilized to strengthen its platform and enhance service offerings, facilitating broader market reach and improved educational outcomes.

## Funding rounds

- Seed, Feb 1, 2020 — iSME Programme
- Seed, Nov 17, 2017 — Phoenician Funds

## Investors

- Phoenician Funds (https://capitalatlas.ai/funds/phoenician-funds) — Seed
- iSME Programme (https://capitalatlas.ai/funds/isme-programme) — Seed