About Maqsad
Maqsad is a company based in Karachi (Pakistan) founded in 2021 by Rooshan Aziz, Mahwish Shaukat, and Taha Ahmed.. Maqsad has raised $4.9 million across 2 funding rounds from investors including Speedinvest, Alter Global and Stellar Capital. Maqsad offers products and services including Maqsad App, Video Lectures, Live Classes, and Tests and MCQs. Maqsad operates in a competitive market with competitors including Doubtnut, simpleclub, Hellosaurus, EducUp and Auro Scholar, among others.
- Headquarter Karachi, Pakistan
- Founders Rooshan Aziz, Mahwish Shaukat, Taha Ahmed
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Maqsad (Pvt.) Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.9 M (USD)
in 2 rounds
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Latest Funding Round
$2.8 M (USD), Seed
Mar 16, 2023
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Investors
Speedinvest
& 6 more
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Employee Count
Employee Count
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Products & Services of Maqsad
Maqsad offers a comprehensive portfolio of products and services, including Maqsad App, Video Lectures, Live Classes, and Tests and MCQs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for entry test preparation and resources
Pre-recorded lessons for exam topics
Real-time sessions with teachers and discussions
Practice tests with feedback for performance tracking
Funding Insights of Maqsad
Maqsad has successfully raised a total of $4.9M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.8 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.8M
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First Round
First Round
(20 Sep 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Maqsad | Valuation | Speedinvest | |
| Sep, 2021 | Amount | Seed - Maqsad | Valuation | Indus Valley Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Maqsad
Maqsad has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Speedinvest, Alter Global and Stellar Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted by investments from Indus Valley Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are made in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Maqsad
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Maqsad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Maqsad Comparisons
Competitors of Maqsad
Maqsad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Doubtnut, simpleclub, Hellosaurus, EducUp and Auro Scholar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Doubt clearing app for various subjects
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| domain | founded_year | HQ Location |
Provider of a learning application for school children
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| domain | founded_year | HQ Location |
Provider of learning platform for kids
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| domain | founded_year | HQ Location |
Offers accredited online courses for mental health, insurance, and real estate professionals.
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| domain | founded_year | HQ Location |
Scholarship programs for school students are offered via mobile platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Maqsad
When was Maqsad founded?
Maqsad was founded in 2021.
Where is Maqsad located?
Maqsad is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is Maqsad a funded company?
Maqsad is a funded company, having raised a total of $4.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Sep 20, 2021.
What does Maqsad do?
Maqsad was founded in 2021 in Karachi, Pakistan, as an edtech platform. Multi-disciplinary courses are offered to students through a mobile app, enabling self-paced completion. Interactive bite-sized video lectures, MCQ practice tests, and instant math solutions are provided, along with doubt-clearing support. The app operates on iOS and Android devices, serving users in the education sector.
Who are the top competitors of Maqsad?
Maqsad's top competitors include Doubtnut, Hellosaurus and simpleclub.
What products or services does Maqsad offer?
Maqsad offers Maqsad App, Video Lectures, Live Classes, and Tests and MCQs.
Who are Maqsad's investors?
Maqsad has 7 investors. Key investors include Speedinvest, Alter Global, Stellar Capital, Indus Valley Capital, and Johann Jenson.
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