ⓘ Featured Image: Baims founders: Yousef Alhusaini (L) Co-founder & CEO; Bader Al-Rasheed, Co-founder & CTO
Kuwait City, Kuwait-based edtech startup Baims that offers online video-based learning to all high school and university students in Kuwait on Wednesday (15 April) raised an undisclosed amount in a seed funding round led by AlWazzan, with participation from other seed partners and angel investors. This notably marks the first edtech startup funding in Kuwait.
Baims was founded in 2017 by Yousef Alhusaini (CEO) and Bader AlRasheed (CTO) in a move to digitise tutoring in Kuwait in order to make educational content easily accessible to students.
At present, Baims offers various courses tailored in sync with the university curricula of a number of universities across Kuwait and Riyadh, KSA. The platform offers a revenue-sharing model to participating instructors, who provide content tailored to each subject’s curriculum through recorded videos, notes and quizzes. As of 2020, Baims has created more than 1,000 recorded courses and 30,000 lectures, and generated over 450,000 course enrollments.
On similar lines, Yousef Alhusaini in a statement said,
“Baims has been profitable since day one, and we believe that everyone should make money when they work with Baims. So basically, instructors invest their time and teach students, and create a new source of income, and they can do that while they are anywhere and anytime,”
The company is planning to utilise the fresh funds to boost the platform’s growth within the GCC and the wider Middle East and North Africa (MENA) region and improve the experience for the students.
Commenting on the funding round for Baims, Bader Al-Rasheed said,
“Our ultimate goal is to be a part of the student’s life, Baims stands for Big Aims and our aim is to build a strong youth community for a better educational ecosystem in the GCC & MENA region and improve educational content,”
Amid the COVID-19 outbreak, the company is offering all its high school courses for free, which has attracted more than 130,000 new course subscriptions.