Kuwait's Baims acquires Egyptian tutoring startup Orcas
- Event date
- Published on WAC News
Kuwait-based education technology company Baims has acquired Egyptian tutoring startup Orcas, in a deal reported on January 8, 2024. Baims took full ownership of Orcas, and the value of the transaction was not disclosed.
Baims provides pre-recorded online courses for university and high school students in Saudi Arabia, Kuwait, Bahrain and Jordan. Orcas offers one-to-one tutoring for K-12 students, including pupils at international schools in Egypt. The combined company plans to bring both services together on a single platform. It also intends to launch a test preparation product in Saudi Arabia that uses artificial intelligence, extend one-to-one tutoring to more markets and add courses for more Saudi universities.
Baims was founded in 2017 and Orcas in 2019. Together the two companies had raised more than $11 million from investors including Access Bridge Ventures, Algebra Ventures and NFX Ventures. The merged business is targeting Saudi Arabia, the other Gulf states, the United Arab Emirates, Egypt and Jordan. The companies put the size of the education market in the Middle East and North Africa at about $100 billion.
Why it matters
The deal combines recorded courses and live tutoring and is tied to a planned AI-driven test preparation product for students in Saudi Arabia.
Key facts
- Acquisition reported on January 8, 2024
- Baims acquired 100 percent of Orcas; value not disclosed
- Baims was founded in Kuwait in 2017; Orcas in Egypt in 2019
- The two companies had raised more than $11 million combined
- AI-driven test preparation product planned for Saudi Arabia
Organisations in this story
- Baims
- Orcas
Sources
- Kuwaiti edtech Baims acquires Egypt's OrcasWamda · January 8, 2024
- Kuwait's Baims acquires Egypt's OrcasTechpoint Africa · January 9, 2024
This is an independent summary written by the WAC editorial team from the published sources listed above. It describes the situation on the event date. The organisations named are not affiliated with the World Assessment Council and have not reviewed this summary. How WAC News works · Send a correction
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