Bengaluru-based learning OTT platform Seekho is nearing the close of a new funding round, with plans to raise $8-10 million, according to sources familiar with the matter. This follows a previous funding round less than 18 months ago, where the company secured $3 million from Elevation Capital and other investors.

The Series A round is expected to be co-led by Lightspeed and Elevation Capital. According to insiders, Seekho will be valued at around $45 million post-funding, with the two leading investors looking to acquire a 20% stake in the company. The terms of the deal have reportedly been finalized, and the transaction is expected to be executed soon.

Founded in 2020 by Rohit Choudhary, Keertay Agarwal, and Yash Banwani, Seekho offers a wide range of short, episodic video content designed to help users gain skills and knowledge in various fields such as parenting, share market, Instagram marketing, and education. The platform caters primarily to users from tier II cities and beyond, offering bite-sized educational videos lasting 2-5 minutes. Seekho provides both weekly and monthly subscription plans, with 30% of its users opting for annual subscriptions, indicating a strong and growing user base.

Elevation Capital’s continued investment in the startup highlights its confidence in Seekho’s potential. The three-year-old platform’s innovative approach to learning has positioned it as a rising player in the edtech space, with its short-form content strategy resonating well with its target audience.

As of now, neither Seekho nor its investors have commented on the funding, and updates are awaited.

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