Tyro Platform acquires Nafham under share-swap deal

The agreement entails Tyro’s leadership taking over Nafham’s management and operations

  
Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

REUTERS/Mohamed Abd El Ghany
ArabFinance: Tyro, EduTech platform connecting students with qualified instructors through one-to-one and group sessions, is acquiring Nafham, Egyptian social startup that offers free crowdsourced educational content, under a share-swap agreement, according to the company's statement.

The agreement entails Tyro’s leadership taking over Nafham’s management and operations to enhance the customer experience of Nafham’s 6 million users.

Under the deal, Tyro will be the overall holding company and it will continue to deliver live tutoring services as well as extending technology capabilities to the group.

Tyro has also secured a kickof fund for the new entity from several investors including Flat6Labs, and NXL Partners .

“Both companies joining forces will technically make us the largest Edutech platform in the MENA region providing both, live online tutoring as well as recorded educational video content,” Mokhtar Osman, Tyro CEO, commented.

“This deal has put an end to the on-going debate of which is the better and more efficient servic offering: live tutoring vs. pre-recorded sessions,” Ahmed El Alfi, Nafham Co-founder, said.

Nafham is one of the largest online educational platforms in the Middle East with 6 million annual users and over 150 million views garnered on their video content. Nafham’s content is focused on school curricula of Egypt, KSA, and UAE for k-12. The platform has strong presence within the MENA region.

Established in 2017, Tyro is an online tutoring platform that connects students with top professional instructors in languages & exam prep through live interactive private & group sessions. It helps thousands of students prepare for their exams & learn new language. The company has completed over 50,000 paid sessions.


The platform is currently operating n UAE, KSA, and Egypt.

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