Pakistani edtech is an underfunded sector. Investors often baulk at the idea of backing edtech firms in the country given the formidable hurdles these startups face — inability to monetise at scale, lack of general acceptance of digital learning, and the low consumer propensity to spend, among other things.
In 2022, edtech startups in the country raised $2 million in funding, down 27% from the previous year, show data from Data Darbar based on disclosed fundraising rounds in the country. In comparison, edtech startups in India raised over $2 billion in Jan-Sept 2022, according to DealStreetAsia DATA VANTAGE‘s India Deal Review: Q3 2022 report.
