SecureMyScholarship Rises with $550,000 Bridge Funding, Eyes Indian Expansion

SecureMyScholarship Rises with $550,000 Bridge Funding, Eyes Indian Expansion

By Staff Writer, 09 May 2024

Dubai's education technology scene witnesses another milestone as SecureMyScholarship, a prominent player in the sector, secures a substantial bridge funding of $550,000.

The investment not only bolsters the company's financial standing but also boosts its valuation to an impressive $6 million.

Key figures in the regional investment landscape have shown their confidence in SecureMyScholarship, with notable investors like Kaustubh Wagle from Boston Consulting Group Middle East and Ramit Harisinghani from Chalhoub Group joining the funding round.

This influx of capital comes at a crucial time for the edtech platform, which has been making waves since its inception in November 2021.

With a mission to democratize access to education, SecureMyScholarship has already established partnerships with 414 universities and disbursed over $8.2 million in scholarships to more than 1,500 students worldwide.

Now, with the fresh infusion of funds, the company is poised to accelerate its product development efforts and expand its reach, particularly targeting the burgeoning Indian market.

Among the investors contributing to this round is Sabban Corp Investments, a Dubai-based venture capital firm specializing in early-stage investments across the GCC region.

This collaboration underscores the growing recognition of SecureMyScholarship's potential to revolutionize the education sector.

Having achieved profitability and positive EBITDA within a short span, SecureMyScholarship is proving to be not just a disruptive force but also a financially viable venture.

With a total capital raised of $1.2 million, the company is well-positioned to continue its journey of empowering students and transforming the landscape of scholarship accessibility.

Source: Waya Media

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