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Exclusive: Seekho app set to raise $8-10 Mn from Lightspeed and Elevation

EntrackrEntrackr · 11m ago
Exclusive: Seekho app set to raise $8-10 Mn from Lightspeed and Elevation
Medial

Learning-focused OTT platform Seekho is in the advanced stages of raising up to $10 million in a new funding round, according to sources familiar with the matter. This marks a consecutive round of funding for the Bengaluru-based company within a span of 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. It raised $3 million from Elevation and other investors in March of last year. Launched in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho helps people gain new skills and knowledge. It offers a variety of courses to prepare learners for jobs in different fields including parenting, share market, Instagram, and education, among others. Designed for tier II and beyond, its educational content includes concise 2-5 minute videos. These videos are structured in episodic series, providing valuable insights without overwhelming the audience. Seekho offers monthly and weekly subscription plans. “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.” Elevation Capital’s confidence in the three-year-old startup Seekho is evident from its decision to co-lead the new round. According to the VC firm, around 30% of Seekho users have opted for annual plans, suggesting that the platform’s popularity is not just a fleeting trend. Queries sent to Seekho, Elevation and Lightspeed did not elicit an immediate response. We’ll update the post in case they do. As per startup data intelligence platform TheKredible, Elevation Capital acquired nearly 24% stake in the company after Series A round. All three co-founders have 16.65% stake each.

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Exclusive: Seekho set to raise $25 Mn, hits $4 Mn monthly revenue

EntrackrEntrackr · 5m ago
Exclusive: Seekho set to raise $25 Mn, hits $4 Mn monthly revenue
Medial

Exclusive: Seekho set to raise $25 Mn, hits $4 Mn monthly revenue Established in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho is a platform that helps individuals build skills and knowledge through short-term courses. Learning-focused over the top (OTT) platform Seekho is raising another round to the tune of $25-30 million, sources aware of the development told Entrackr. The Bengaluru-based startup scooped up $8 million back in December 2024. “Bessemer is in late-stage talks to lead a $25–30 million round in Seekho OTT, with participation from existing investors such as Lightspeed and Elevation,” one of the sources said. “The investment discussions follow the company’s strong performance in user engagement and revenue growth.” Established in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho is a platform that helps individuals build skills and knowledge through short-term courses. It prepares users for careers in areas such as parenting, stock trading, Instagram growth, and education. The platform targets tier-II cities and beyond, delivering content through short, episodic videos lasting two to five minutes. So far, Seekho has raised $11 million across two rounds from Lightspeed, Elevation, PointOne Capital, Sprout Investment, AngelList, Succeed and several angel investors such as Gaurav Munjal, Anupam Mittal, Alok Mittal, Harsh Daga, Abhinav Daga, Hemant Goteti and Zishaan Hayath. “Seekho is currently generating an annual recurring revenue (ARR) of $45-50 million, with monthly revenues in the range of $4-4.5 million (Rs 35–40 crore),” said another source. The person added that the company is expected to be valued at around $120–130 million post-money. The person added that the company is expected to be valued at around $120–130 million post-money. To be sure, the terms and contours of the deal could change at the last moment. Queries sent to Seekho, Bessemer, Lightspeed and Elevation did not elicit response until publication of the story. For the fiscal year ending in March 2024, five-year-old Seekho registered Rs 11.5 crore in revenue with Rs 4.6 crore losses. Investor interest in Seekho is evident as the company continues to show swift growth with deep markets — tier II, III, and even tier I cities — still to tap. The platform’s short video format is resonating well with Gen Z audiences, who prefer engaging with videos over traditional reading materials. Seekho appears to have found a strong product-market fit with a large market to serve. Its growth also highlights the presence of white spaces in the edtech sector, which has otherwise been going through a difficult and boring phase.

Seekho app raises $8 Mn in Series A led by Lightspeed

EntrackrEntrackr · 9m ago
Seekho app raises $8 Mn in Series A led by Lightspeed
Medial

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.

Decoding Snabbit’s Series B round, valuation and captable

EntrackrEntrackr · 3m ago
Decoding Snabbit’s Series B round, valuation and captable
Medial

url: https://entrackr.com/fintrackr/decoding-snabbits-series-b-round-valuation-and-captable-9331453 Content: Quick service platform Snabbit recently announced its $19 million Series B round led by Lightspeed with the participation of existing investors Nexus Venture Partners and Elevation Capital. The board of Snabbit is set to approve the allotment of 65,165 Series B compulsory convertible preference shares at an issue price of Rs 24,914.93 each, to raise Rs 162.35 crore (approximately $19 million), its regulatory filing accessed from Registrar of Companies (RoC) shows. Lightspeed is expected to invest Rs 94 crore ($11 million), while existing investors Nexus Venture Partners and Elevation Capital will contribute Rs 34.18 crore ($4 million) each. According to Entrackr’s estimates, Snabbit will be valued at Rs 684 crore (around $80 million), a 3.5X increase from its $23 million valuation in the previous Series A round. Founded in 2024 by Aayush Agarwal, Snabbit connects households with trained professionals for on-demand home services like cleaning, dishwashing, and laundry. Experts can be booked by the hour and arrive within 10 minutes. The platform currently hosts over 600 professionals, doubling monthly, according to Agarwal. Following the allotment of the new round, Nexus Venture Partners and Elevation Capital will hold 23.69% and 19.92% stake, respectively, while new investor Lightspeed will own 13.75%. Founder Aayush Agarwal will retain a 36.08% stake in the company. The Mumbai-based company has raised over $25 million across 3 rounds including $5.5 million in Series A round led by Elevation and Nexus earlier this year. Snabbit directly competes with the industry leader Urban Company which recently filed its Draft Red Herring Prospectus (DRHP) with SEBI for a Rs 1,900 crore initial public offer (IPO) and also entered into quick commerce with the launch of 15-minute maid booking service, “Insta Help”. Snabbit also competes with another 10-minute house help service startup, Pronto which raised $2 million from Bain Capital at a valuation of $12.5 million.

Exclusive: Ex-ShareChat CXO Shashank Shekhar’s new startup to raise $4 Mn led by Peak XV

EntrackrEntrackr · 2m ago
Exclusive: Ex-ShareChat CXO Shashank Shekhar’s new startup to raise $4 Mn led by Peak XV
Medial

Exclusive: Ex-ShareChat CXO Shashank Shekhar’s new startup to raise $4 Mn led by Peak XV Shashank Shekhar, a former head of content strategy and operations at ShareChat, is raising $4 million for his new startup focused on AI-led learning, according to two sources familiar with the development. “Peak XV Partners is leading the round with participation from a few early-stage institutional and angel investors,” said one of the sources requesting anonymity. “Shekhar has been quietly building this for the last few months and has early prototypes in place.” According to sources, the startup is currently in stealth and is expected to go live later this year. While details remain limited, its model draws similarities to Seekho, a career-focused learning platform. Entrackr recently reported that Seekho is in talks to raise $25-30 million. Shekhar was Head of Content at ShareChat between December 2016 and May 2018. He then co-founded the hyperlocal information platform Circle Internet, which was acquired by ShareChat in August 2020. Following the acquisition, he served as Head of Content Strategy and Operations at the Google-backed company until his resignation in March this year. “The round is expected to close in the coming weeks. The startup is likely to use the capital to expand its AI and product team, continue development and prepare for an initial rollout,” said another source. The startup’s name could not be confirmed. Queries sent to Shekhar and Peak XV did not elicit a response until the time of publication. While Shekhar’s startup will be the first direct rival to Seekho, platforms like YouTube Shorts and Instagram offer indirect competition through creator-led educational content aimed at the same audience.

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