Seekho App Secures $8M Series A Funding Led by Lightspeed

Desk — Mon, 23 Dec 2024 11:34:40 +0000

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.

“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.

The post Seekho App Secures $8M Series A Funding Led by Lightspeed appeared first on The India Bizz Startup News Website.

What are the best ways to get startup funding in India

Desk — Fri, 19 Mar 2021 04:45:11 +0000

Here are four promising methods for raising funds for your startup:

Crowdfunding

Do you have a high potential plan of providing inexpensive and effective medical care in rural India? Or maybe an idea for an indie film? If you have a startup idea and believe that people will resonate with your vision, then rewards-based or debt-based crowdfunding are great ways to fund your work.

Crowdfunding for startupsis becoming one of the most popular mediums of fundraising thanks to its broad reach. A potential donor in one part of the world can invest in your idea, provided legal compliances align. The best thing about startup crowdfunding is that you don’t need to pitch for significant amounts from a small number of potential investors or donors. There can be hundreds of donors who can make small contributions to help you raise the targeted amount.

Incubation programs

Many government institutions and private organisations run incubation programs that provide mentoring, networking opportunities, and seed funding for startups. In India, many state governments, educational institutes, and social enterprises provide incubation support to startups across fields such as agriculture, financial inclusion, and skilling. If you have a new solution to an old problem and a visionary pitch deck, these incubation programs may want to support you.

Venture capitalists

If ‘go big or go home’ is your idea of entrepreneurship, then venture capitalists are your go-to people for fundraising. Along with professionally managed funds, they will also offer their expertise and insight into making your business work.

Articulate your long-term goals, demonstrate your business model’s resilience, and highlight

your team’s competence to get VCs interested. Typically, they will pull out of the business once you go public or are acquired by another company, but until then, your strong track record and potential will keep them invested in your dreams.

Angel investors

Angel investors usually come with an expectation of getting equity in the businesses they invest and earn high returns. There can be a single angel investor or multiple investors who believe that your idea can truly make a difference to the world. Be ready for numerous rounds of discussions and screenings before you get any angels investing in your startup.

Being an entrepreneur requires sharp acumen to raise funds and ensuring your business’ sustainability. Now that you have a fair idea of raising funds for startups to try different ways to get the funds you need and let your dream venture become a reality.

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