Tyro, an Egyptian firm, has acquired Nafham, a fellow ed-tech platform.
Tyro, an Egyptian startup educational technology platform that connects students with qualified instructors through individual and group sessions, is acquiring Nafham, a social startup that offers free, crowd-sourced educational content, under a share swap agreement.
Tyro is an online tutoring platform that connects students with the best professional instructors, and currently operates in Egypt, the United Arab Emirates (UAE), and Saudi Arabia, while Nafham has created an online platform that provides content for life skills and school curricula.
The acquisition agreement provides for Tyro’s leadership to take over the management and operations of Nafham, with the goal of improving the customer experience for Nafham’s six million users.
Tyro will be the overall holding company and will continue to provide live tutoring services as well as expanding technology capabilities to the group.
Tyro has also raised funding for the new entity from various investors, including Flat6Labs and NXL Partners.
“The joining of the two companies will technically make us the largest educational technology platform in the MENA region, providing both live online tutoring and recorded educational video content,” said Mokhtar Osman, CEO of Tyro.
“Capitalizing on both technology capabilities and a strong customer base is critical to being successful. With this merger, we are well positioned to take the platform to the next level.
Nafham has a very strong and established brand presence in the MENA region, so we will focus on further strengthening the Nafham brand. “
