Lakson and Beaconhouse join hands to bring biggest investment in Pakistan’s education technology sector
Talhah Munir country director knowledge platform Pakistan, Faisal Aftab managing partner LIVC and Nassir Kasuri Executive Director (ED) Beaconhouse here on Wednesday.
Munir said that in public educational institutions his company in collaboration with Federal Directorate of Education Launched as a two-year pilot with the Jazz Smart Schools programme.
The organisation has quickly made its mark in the education sector, servicing 200,000+ students from more than 6,700 schools in 400 cities and towns across Pakistan.
ISLAMABAD: To promote and spread digital education in the country the Beaconhouse School System (BSS), Lakson Investments Venture Capital (LIVC) and Knowledge Platform Pakistan have decided to bring biggest investment in Pakistan’s education technology sector worth Rs. 320 million.
Addressing a press conference Talhah Munir country director knowledge platform Pakistan, Faisal Aftab managing partner LIVC and Nassir Kasuri Executive Director (ED) Beaconhouse here on Wednesday said that with the passage of time all the means are changing and to cope with the challenge modern age revolutionizing education is must.
They said that in coming 15-20 years almost 50-60 percent of the present jobs will be not existing, therefore, it is need of the hour to equip Pakistan’s new generation with modern education which would help them to find respectable jobs and provide opportunities to grow.
Talhah Munir said that his company has successfully completed its over-subscribe series a equity funding round with over $2 million in equity investment. He said that lead investors in the series A round have taken a minority position in knowledge platform are beaconhouse school system and LIVC-one of the country’s leading venture capital firms.
Munir said that in public educational institutions his company in collaboration with Federal Directorate of Education Launched as a two-year pilot with the Jazz Smart Schools programme which recorded significant improvement in five areas: student learning outcomes; teaching quality; student engagement, expanded use of technology, and improved accountability and monitoring of results.
Knowledge Platform has reached a major milestone, crossing 200,000 student learners across Pakistan through its innovative learning solutions, Learn Smart Pakistan (LSP) and Learn Smart Classroom (LSC), Munir added.
The organisation has quickly made its mark in the education sector, servicing 200,000+ students from more than 6,700 schools in 400 cities and towns across Pakistan.
It is an online educational resource providing personalised learning for any student enrolled from grades 6-12. With over 1,000 ready-made lesson plans, hundreds of educational games and activities and over 27,000 assessment questions based on the National Curriculum, LSP has helped tens of thousands of students improve their performance in board exams without the student investing thousands of rupees in private, after-school tuition centres or academies.
Munir said that his company has become first Pakistani company to successfully introduce the product in China where in at present vover 400,000 students are taking advantage of the technology based education system. They further said that by the end of 2024 the company will be serving 5 million students in Pakistan.
Nassir Kasuri said that to revolutionise education BSS decided to join hands with knowledge platform Pakistan as BSS has over 45 years expertise in education sector spread across the country.
Speaking on the occasion Aftab said that LIVC will play a critical role in helping partner organization to navigate in venture capital market. They said that future of Pakistan’s education largely rests in the hands of about 30,000 small private schools which is providing education to an estimated 18-20 million of students.
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