Kuwaiti edtech Baim acquires Egypt's Orcas
Baims, founded by Yousef AlHusaini & Bader AlRasheed acquired Orcas, founded by Hossam Taher & Amira El Gharib in a 100% acquisition deal. Together, Orcas and Baims have raised over $11 million, backed by prominent investors including Access Bridge Ventures, Algebra Ventures, NFX Ventures, AlWazzan Educational Group, Rasameel Investment Company, Seedstars International Ventures, and AK Holding, establishing the new consolidated company as the number one EdTech player to watch in the MENA region.
Regional Edtech Dominance
As education in the MENA region undergoes a transformation towards hybrid learning models, Baims and Orcas are dedicated to providing comprehensive education solutions that encompass both synchronous and asynchronous formats (live and recorded). This positions Baims as a dominant player with a distinctive offering, addressing the profound challenges that students encounter in the region.
"By acquiring Orcas Tutoring, we are not just expanding our reach; we are redefining the EdTech landscape in MENA," says Yousef AlHusaini, CEO of Baims. "This consolidation enables us to offer a comprehensive learning experience, combining our online tailored recorded courses with Orcas Tutoring's personalized one-to-one tutoring platform."
Product and market expansion
Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan. The acquisition of Orcas signifies a strategic move to further enhance their offerings by incorporating Orcas’ personalized tutoring services into their platform, creating a well-rounded and adaptable educational experience for students across the MENA region.