Interactive Cares raises investment from Accelerating Asia

Interactive Cares, the Dhaka-based ed-tech startup that focuses on creating employability for millions of youths in Bangladesh, announced that it has been selected for the 9th Cohort of Accelerating Asia's flagship accelerator programme, according to a press release. As part of the programme, Accelerating Asia will participate in Interactive Cares' ongoing seed round, investing US$100,000 in the company, with the potential for follow-on funding of up to US$ 250,000.

Interactive Cares is the sole Bangladeshi startup to be part of the latest cohort of Accelerating Asia.

Accelerating Asia has a long track record of backing Bangladeshi startups. Previously, the Singapore-based early-stage VC fund invested in iFarmer, Shuttle, Zantrik, EduTechs, WeGro, and several other prominent Bangladeshi startups.

The infusion of capital from Accelerating Asia is a significant milestone for Interactive Cares. The company says the new capital will be used to launch a new AI-powered product and the expansion of the company's offerings. Interactive Cares is currently working to launch a new version of its Career Paths programme that will provide guaranteed internships with foreign companies to its students. Furthermore, Interactive Cares is actively working to collaborate with foreign tech companies to provide employment opportunities to Bangladeshi talents. According to Rare Al Samir, CEO and co-founder of Interactive Cares, "We are excited to be part of Accelerating Asia Cohort-9. The exclusive three-month training, mentorship, and huge investor network is a great benefit for the cohort startups alongside the funding investment."

Interactive Cares has previously raised US$ 350,000 in a pre-seed round from investors including Flagship Ventures, Blue Aura Ventures, SuperCharger Ventures, Vinner Ventures, Mohammad Maaz, and other strategic partners. The new investment from Accelerating Asia further solidifies the startup's position in the rapidly evolving ed-tech landscape in Bangladesh.

Founded in 2020 by Rare Al Samir and Jamila Bupasha Khushbu, Interactive Cares has become a prominent player in the ed-tech industry in Bangladesh in a short time. The company operates as a comprehensive virtual ed-tech platform, offering a wide array of courses, career paths, and master classes to enhance employability. The company says it currently offers over 115 courses on its platform and launches five to seven new courses every month, has more than 300,000 registered users and more than 100,000 paid users. The company claims about 70 per cent of its users are repeat customers. The company has partnerships with over 100 companies that recruit its graduates. Also, Interactive Cares has a separate talent pool for placing in foreign tech companies. The company says it has worked with several Singaporean and Malaysian tech companies and helped them hire talents from Bangladesh in remote job roles.

Interactive Cares has made excellent progress over the last few years. With the new investment and the ongoing commitment to providing innovative learning solutions, Interactive Cares is well-positioned to play an important role in the unfolding online ed-tech revolution in Bangladesh.