Seekho has raised $28 million in its Series B funding round led by Bessemer Venture Partners, with participation from Goodwater Capital, Lightspeed Venture Partners and Elevation Capital.
Entrackr had exclusively reported the development in April this year. As per sources, the company is expected to be valued at around $120–130 million post-money.
Till date, Seekho has raised $39 million across three rounds from investors including Lightspeed, Elevation, PointOne Capital, Sprout Investment, AngelList, Succeed, along with a clutch of angel investors such as Gaurav Munjal, Anupam Mittal, Alok Mittal, Harsh Daga, Abhinav Daga, Hemant Goteti and Zishaan Hayath.
The fresh proceeds will be deployed to build new content formats and AI-first solutions, the company said in a statement.
Founded in 2020 by Rohit Choudhary, Keertay Agarwal and Yash Banwani, Seekho offers bite-sized vernacular content across career, business and self-growth categories. The Bengaluru-based company claims to have amassed 25 million monthly active users, growing 60% quarter-on-quarter.
“Learning should be relevant, bite-sized, and accessible in the palm of your hand. With Bessemer joining us, we’re excited to build a category-defining product that puts ‘Edutainment on Tap’ for the next 500 million Indians,” said Rohit Choudhary, founder of Seekho.
According to the company, rising consumer willingness to pay for digital content and UPI autopay adoption are fueling subscription-led growth. Seekho believes it is well positioned to capture a significant portion of the $2.5 billion subscription pool in India.
For the fiscal year ending March 2024, five-year-old Seekho registered Rs 11.5 crore in revenue with Rs 4.6 crore in losses. Its FY25 report is yet to be released.
