Duration

12 months
Min. Investment

৳ 10,000
Projected ROI

16% per annum
Risk Grade

B+

Overview

After completing their first repayment with biniyog.io, Interactive Cares is looking to raise funds for a second time to purchase office equipments. They are one of the leading Ed-Tech platforms of the country, providing academic, career and skill development opportunities through courses, campaigns, master classes and career paths. Your financing will help them expand their offerings and profitability.

This is a halal “buy-and-sell” (Murabaha) campaign, and investors will be able to enjoy an ROI of about 16%* repaid over 12 months (in 3 instalments).

*subject to investment risk (details below)

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Dhaka, Bangladesh

Interactive Cares [2]

৳ 1,520,000 Raised
৳ 0 Being Processed
0 Days Left
Raised:
101.33%
Goal: ৳ 1,500,000
The campaign is successful.
13 Campaigns | 0 Loved campaigns

The Business

Accordion Content

Interactive Cares (Interactive Ventures Ltd.) is a one-stop virtual Ed-tech platform for creating employability through courses, career paths and master classes.

They have a large student base of more than 300,000 learners registered in their platform and a cumulative revenue of more than 2 crore during their 2+ years of operation.

Their assets include 70+ courses in their website and app, aiming to increase this into 100+ for reaching a more diverse set of learners. Courses mostly focus on:

  • Career Paths (Web Development, Digital Marketing, MERN Stack  etc.)
  • Higher Studies (GRE, IELTS preparation, TOEFL etc.)
  • Job & Recruitment (BCS, IBA MBA Admission, ISSB etc.)
  • Skill Development (Video Editing, Graphic Design, AutoCAD, SEO etc.)

Interactive Cares was one of the winners of BYLC ventures cohort 3 and also the second runner-up from Bangladesh in Entrepreneurship World Cup 2021.

They have already successfully completed one investment with biniyog.io.

Interactive Cares is currently looking to raise funds for purchasing office equipment to increase their offerings.

Office Location: 46/B Mirpur Road, Science Laboratory, Dhaka-1205
Explore:    Facebook Page   |   Website

Rare Al Samir is the Founder & CEO of Interactive Cares. He is an ex-Officer Cadet in Bangladesh Army and a business graduate, as well as a delegate of Bangladesh Youth Leadership Center (BYLC).

Rare is on a mission to solve the employment problem in Bangladesh through his Ed-tech startup. Interactive Cares has already served more than 300,000 students so far. More than 1000 students got jobs & internships from Interactive Cares so far. 

Rare draws inspiration from his dream that the youth of Bangladesh would be placed directly into jobs without worry, through his education and skill development platform.

  • Already repaid previous investment with biniyog.io on time
  • Rich platform with a diverse set of users
  • Consistent sales volume
  • Creating employment opportunities for the youth

The Contract

Accordion Content

The investment is for a period of 12 months, from September 2022 to August 2023.

Projected ROI: 16% per annum

biniyog.io will NOT charge the investors any fees for this service. 

Example: if someone invests BDT 100k in the project, he/she can expect to receive a total of BDT 116k by September 2023.

  • Investors will go into a Murabaha agreement (sale contract) with Interactive Cares for office products (laptops, camera, IPS etc.)
  • It will be a “buy-and-sell” process where investors will first buy products through biniyog.io. Interactive Cares will then buy those items from investors on credit and pay the amount over 12 months in 3 instalments.
  • biniyog.io will act as an agent for the investors and buy the products, take necessary ownership and risk of asset possession on their behalf, and then sell to Interactive Cares.
  • Interactive Cares has agreed to buy the products with 16% profit on actual cost of product procurement.
  • Investors can expect to get their returns by September ’23 in 3 instalments:
    • 35% in January ’23
    • 35% in May ’23
    • remaining 30% in September ’23

Shariah Compliance

Accordion Content

Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest into the business through buy and sale of assets under an advanced buy-and-sell (Bai’ Murabaha) agreement.

biniyog.io‘s Shariah advisors have approved the basis and application of this Bai’ Murabaha contract.

Potential Risks

Accordion Content
  • Content: Interactive Cares is a learning platform for a diverse set of users — from university students to graduates looking for jobs or higher study opportunities, to jobholders and corporates looking to enrich their CV or pivot their career with on-demand skills. Their partnership with qualified instructors and high quality production of these courses further help them in retaining existing customers.

  • Sales: Interactive Cares has a very consistent monthly sales volume that enables them to run the business profitably. This should also ensure that they will be able to repay investors on time even if their new plans do not bear fruit immediately, unless they incur some big new expenses.

  • Credibility: Interactive Cares has successfully repaid investors of their first campaign on biniyog.io and they did it on time.

biniyog.io will buy the products on behalf of investors first and secure ownership. The products will then be handed over to Interactive Cares within a very short time frame.

Interactive Cares would have the right to reject the products due to quality etc. The risk is expected to be minimal since Interactive Cares themselves will be choosing the items before biniyog.io buys them.

This is a necessary risk to ensure Shariah compliance of the transaction.

biniyog.io has done in-house analyses of the projected returns of the business, and they are expected to be able to repay on time.

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Please note that the business may be given an incentive in the form of a discount on early repayment, which can only come in effect if the investors agree.

Following example is an illustration:
If the business repays within 9 months, the markup profit can be 14% (instead of 16%). This benefits both parties – the business has to pay back less and investors get their money back faster at a higher annual rate of return (e.g. 14% in 9 months means 18.7% per annum)

Interactive Cares will share instalment cheques with biniyog.io. A personal guarantee security cheque will also be kept from the CEO.

Disclaimer

This investment opportunity is based on a first come first serve basis. Your investment is secured only after your transfer-proof has been received. If the investment quota is already filled, your transferred amount shall be returned.

Return of your capital is NOT guaranteed. Investment, by default, requires a risk appetite. Past performance is not a guaranteed indicator of future outcomes.

biniyog.io only acts as a consultant to the investor and the business, and does NOT manage funds for any party.

biniyog.io does risk assessment to a certain extent, but will NOT be liable if the business does not perform as per expectation.

For any questions, please use the chat icon on the right or leave a message.

  • 30-08-2022

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 15 lac.
  • 14-09-2022

    Campaign extended

    About 60% funded so far. The campaign has been extended for another week!