Exclusive: Seekho app poised to secure $8-10 million in funding from Lightspeed and Elevation

Learning-focused OTT platform Seekho is nearing the completion of a new funding round, expected to raise up to $10 million, as per sources familiar with the development. This would be the second funding round for the Bengaluru-based company within a span of less than 18 months.

“Seekho is targeting $8-10 million in its Series A round, with Lightspeed and Elevation leading the investment,” shared an anonymous source. The platform previously raised $3 million from Elevation and other investors in March of last year.

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Exclusive: Seekho app poised to secure $8-10 million in funding from Lightspeed and Elevation

September 27, 2024

Founded in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho focuses on helping individuals acquire new skills and knowledge. It offers a range of courses preparing learners for jobs across various sectors, including parenting, stock market, Instagram, education, and more.

Catering primarily to users in tier II cities and beyond, Seekho’s educational content consists of short 2–5 minute videos presented in episodic series. These bite-sized lessons aim to provide valuable insights without overwhelming the audience. Seekho offers both monthly and weekly subscription plans.

The agreement details have been set, and unless there are any last-minute complications, the transaction is anticipated to occur soon,” stated another source who requested anonymity. “Seekho is projected to be valued at around $45 million, as two investors aim to secure a 20% stake in the company.

Elevation Capital’s decision to co-lead this new round underscores its confidence in the three-year-old startup. The VC firm noted that approximately 30% of Seekho’s users have opted for annual plans, signaling the platform’s sustained growth and appeal.

No immediate responses were received from Seekho, Elevation, or Lightspeed regarding this development. Updates will be provided if they respond.

According to startup data intelligence platform TheKredible, Elevation Capital acquired a around 24% stake in Seekho after its Series A round. The three co-founders each hold a 16.65% stake in the company.