Seekho, an over-the-top (OTT) platform with an emphasis on learning, is financing an additional $25–30 million. In December 2024, the Bengaluru-based business raised $8 million.
According to one source, Besser is in final negotiations to spearhead a $25–30 million round in Seekho OTT, including involvement from current investors like Lightspeed and Elevation. "The company's great success in revenue growth and user engagement is the reason for the investment negotiations."
Seekho, a platform created in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, assists people in developing their knowledge and abilities through short-term courses. It equips people for professions in fields including teaching, stock trading, parenting, and Instagram growth. The platform uses brief, episodic videos that span two to five minutes to offer content to tier-II cities and beyond.
Lightspeed, Elevation, PointOne Capital, Sprout Investment, AngelList, Succeed, and a number of angel investors, including Gaurav Munjal, Anupam Mittal, Alok Mittal, Harsh Daga, Abhinav Daga, Hemant Goteti, and Zishaan Hayath, have contributed $11 million to Seekho's two rounds of funding to date.
According to a different source, Seekho is currently making between $45 and $50 million in annual recurring revenue (ARR) each year, with monthly revenues between $4 and 4.5 million (Rs. 35 and 40 crore). The individual went on to say that the company's post-money valuation is anticipated to be between $120 and $130 million.
Indeed, the conditions and details of the agreement may be altered at any time. Seekho, Bessemer, Lightspeed, and Elevation did not respond to queries until the piece was published.
Five-year-old Seekho reported Rs. 11.5 crore in sales and Rs. 4.6 crore in losses for the fiscal year that concluded in March 2024.
Investor interest in Seekho is clear given its rapid expansion and the fact that it has yet to access deep markets, including tier II, tier III, and even tier I cities. Gen Z audiences, who favor watching videos over reading books, are responding well to the platform's brief video format. With a sizable market to service, Seekho seems to have discovered a solid product-market match. Its expansion also demonstrates the existence of white spaces in the edtech industry, which has been going through a challenging and dull time.
