Seekho is an edtech startup that announced its plans to raise around 8 to 10 million USD from Lightspeed Ventures and Elevation Capital in its series A funding round. Entrackr reported. The funding round is expected to see the participation of the firm’s new and existing investors. The company plans to use these fresh proceeds to enhance its platform, improve its marketing efforts, and develop market presence. The Bengaluru startup uses advanced technology to offer the best learning and user experience.
The startup provides a learning-focused OTT platform for online videos in regional languages. The company offers several videos related to digital marketing business skills, maths, business, spoken English tutorials, and more. The videos are provided through virtual platforms for interested users. The platform uses artificial intelligence technologies to offer high-quality video content and learning experiences at affordable prices. The startup earns its income through the monthly subscription-based model. The startup data intelligence platform, tracxn posted that Seekho has secured over 3.62 million USD across three funding rounds since its inception, including $3.03 million raised from Elevation Capital in its series A funding round.
The edtech startup intends to use this investment and enhance its services while increasing its customer base. The company offers a variety of courses to help learners get jobs in different fields such as Instagram, share market, parenting, and education. The application was designed to help people gain new skills required for the jobs. The company is focused on transforming the learning OTT platforms by offering innovative solutions in education across India. This application provides short educational content videos of two to five minutes. The development came after the edtech sector saw increased investor interest.
The source close to the deal told Entrackr that the terms for this deal have been finalized and the transactions are expected to be held soon. After this round, the company will be valued at $45 million. The startup data intelligence platform, thekredible mentioned that after the series A round, the existing investor Elevation Capital held a 24 percent stake in the company followed by each co-founder acquiring 16.65 percent of the firm’s stake. The company faces competition from other learning-based OTT platforms including Entri, Conker World, and Almentor. This investment will enable the startup to expand its services in India.
Conclusion :
Learning-based OTT startup Seekho plans to raise around 8 to 10 million USD from its existing investor elevation capital and Lightspeed Ventures in its ongoing series A funding round. The source close to the deal told Entrackr that these two will be leading investors for this funding round along with the participation of other investors.
The startup intends to use this fresh capital to expand its offerings, advance its technologies, and improve its platform. The company provides a digital learning platform with educational content videos of two to five minutes. The application offers lessons on topics related to business, digital marketing, maths, and more. The startup has raised around $3.2 million across multiple funding rounds since its inception.
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