Learning-focused OTT platform Seekho has raised $8 million in its Series A round, with Lightspeed leading the investment, according to a LinkedIn post by the company’s founder and CEO, Rohit Choudhary.
The round also saw participation from Elevation Capital. Previously, the Bengaluru-based startup raised $3 million from Elevation and other investors in March of last year.
Entrackr exclusively reported about the deal in September.
“This is a testament to the trust our users, team, and investors place in us as we build India’s go-to short video platform for Lifelong Learning,” said Choudhary via Linkedin post.
While the company did not provide many details about the round, it was expected to be valued at around $45 million.
Founded in 2020 by Choudhary, Keertay Agarwal, and Yash Banwani, Seekho helps individuals acquire new skills and knowledge. The platform offers a variety of courses to prepare learners for careers in fields such as parenting, the stock market, Instagram, and education, among others.
Targeting audiences in tier-II cities and beyond, Seekho delivers educational content through short 2-5 minute videos in episodic series. The platform provides flexible subscription plans, with weekly and monthly options starting at Rs 149.
According to startup data intelligence platform TheKredible, Elevation Capital acquired nearly a 24% stake in the company after the pre-Series A round. All three co-founders held 16.65% stake each as of that round.
As per Entrackr‘s sources, Seekho is expected to dilute 20% of its equity in the Series A financing round.
Source: Entrackr : Latest Posts