OTT platform with an emphasis on education Sources familiar with the matter claim that Seekho is nearing completion on a new funding round that could raise up to $10 million. For the Bengaluru-based company, this is its second funding round in less than 18 months.
“Seekho is looking to raise $8-10 million in Series A round, with Lightspeed and Elevation leading the investment,” said a source on condition of anonymity. In March of last year, Elevation and other investors contributed $3 million to the fund.
Seekho, which was founded in 2020 by Yash Banwani, Keertay Agarwal, and Rohit Choudhary, assists people in learning new skills and information. It provides a range of courses to get students ready for careers in a variety of industries, including education, Instagram, share markets, parenting, and more.
Concise 2–5-minute videos comprise its educational content, which is intended for tier II and higher. These videos are structured in episodic series, providing valuable insights without overwhelming the audience. Seekho provides weekly and monthly subscription packages.
“The terms of the deal have been finalized, and if nothing goes wrong at the last moment, the transaction will be executed soon,” said another source who wished to remain anonymous. “Seekho will be valued at around $45 million as two investors are looking to acquire 20% of the company.”
The fact that Elevation Capital chose to co-lead the latest round demonstrates its faith in Seekho, a three-year-old startup. The VC firm claims that about 30% of Seekho users have chosen annual plans, indicating that the popularity of the platform is not merely a passing fad.
Letters to Seekho, Elevation, and Lightspeed did not receive a response right away. If they do, we’ll update the post accordingly.
After the company’s Series A funding round, Elevation Capital reportedly bought about a 24% stake. A 16.65% stake is held by each of the three co-founders.
