SecureMyScholarship secures $550,000 bridge round

SecureMyScholarship secures $550,000 bridge round

UAE-based edtech SecureMyScholarship has raised $550,000 in a bridge funding round at a valuation of $6 million. 

The round was led by Kaustubh Wagle, Managing Director at Boston Consulting Group Middle East; Ramit Harisinghani, General Manager of the Devialet and Dyson brands at Chalhoub Group; and Sabban Corp Investments, a Dubai-based venture capital.

Founded in 2021 by Craig Fernandes, SecureMyScholarship’s platform connects students with scholarship opportunities.

The fresh funds will be used to accelerate product development and expand the startup's operations into India.

Press release:

SecureMyScholarship, a Dubai-based edtech platform that connects students with scholarship opportunities, has raised $550,000 in a bridge funding round, which, in turn, values the company at $6 million. The fresh funds will be used to accelerate product development and expand the startup's operations into India.

The investment round saw participation from a number of investors, including Kaustubh Wagle, Managing Director at Boston Consulting Group Middle East; Ramit Harisinghani, General Manager of the Devialet and Dyson brands at Chalhoub Group; and Sabban Corp Investments, a Dubai-based venture capital firm with a focus on early-stage investments across the GCC.

The latest investment brings the startup's total capital raised to $1.2 million. The startup states that it is already cash flow-positive, as well as earnings