SBX Capital and Farah AlHumaidhi acquire 40% of Kuwait-based Edtech Dawrat
SBX Capital and Farah AlHumaidhi, a Kuwait-based designer and entrepreneur, have acquired 40% of Kuwait-based Edtech marketplace, Dawrat. Through the transaction, Alhumaidhi will also act as chairwoman of Dawarat.
Discover all Edtech startups based in Kuwait on MAGNiTT
Dawrat which is Arabic for 'courses', was founded in 2011 by Mohammad Al Suraye and Yousef Bonashi, as a marketplace that combines training centers, trainers, educational event organizers, and online course providers in one place. The platform allows users to search and find their desired training courses, workshops, and seminars in various fields, whether physical or online.
Dawrat began as a listing website for finding traditional training courses available in Kuwait and today, offers over 10,000 courses in Arabic catering to more than 100,000 users in MENA. During COVID-19 and the shift from classroom to online learning, the company launched live online courses to meet the growing demand.
Farah AlHumaidhi commented in a statement, “Over the course of my career, I have experienced first hand the power of sharing knowledge, and more so its magnified effect when done over the internet, at scale, on platforms such as Dawrat. Today I am excited to help facilitate education beyond my profession of interior design, to include technology, business, history, and a variety of other sciences and arts offered on Dawrat."
"Dawrat is well-positioned to become an enabler for the 400 million-plus Arabic-speaking population of the Mena region, opening doors and opportunities for Arab youth foraying into the ever-changing landscape of the future."
Following the acquisition, Dawrat has plans to expand its offerings, introduce new features, and grow its market share across the region.
Are you a startup looking for investment? Apply for funding to 110+ investors now.