[Funding alert] Upskilling startup Seekho raises $3 million in funding

AI-based upskilling and career development startup Seekho has raised $3 million in a pre-series A funding led by Sequoia Capital India Surge.

Other investors such as the family office of the JM Financial Group, LetsVenture, Trica, Super Morpheus, Yuj Ventures & tech entrepreneurs Varsha Rao and Amit Ranjan also participated in the funding round.

“Now, our belief is that we are going for growth…Speaking of growth, we will invest in hiring a bigger, better team. We will also be spending the funds on advertising, brand development, customer acquisition, and tech development” Arihant Jain, co-founder, Seekho, said.

Founded in 2021 by Ajeet Singh Kushwaha, Divya Jain & Arihant Jain, Seekho is India's first micro-learning-based platform to learn, mentor, and hire. Seekho enables to up-skill through 1-minute learning videos, quizzes, competitive learning streaks, and much more.

Launched in April 2021, the company is touching a revenue run rate of $5 million and expects to enable 7 million users by the end of 2023. Seekho presently has around 5 million users, according to The Economic Times.

“In the next 3-4 years, the bigger milestone is $100 million in revenue and that is when we are a successful and scalable startup…Reaching anywhere between $5 and $10 million will help us raise seed funding later this year,” Jain added.

There are many ways to learn on Seekho! Live events, mentorships sessions, quick short videos, video series, and social media communities are all there to help & explore different learning formats and go in-depth. Apart from learning, it also offers exciting Job and Internship opportunities with leading startups.

“We are seeing high traction in finance, analytics and data science and also product management is becoming a hot field,” Jain said.

According to Great Learning’s ‘Upskilling Outlook in India 2022’ report, the need and intent to upskill in 2022 increased tremendously with around 80% of professionals (including freshers) planning to upskill themselves. The report noted that IT, banking, education & training, healthcare, and consulting are the top 5 choices among professionals who want to upskill in 2022. (Source - The Economic Times | Tech)

“The problem with Web3 is that so many new career options are coming up but our structured higher education cannot keep up with that…so we need to expand and cater to that growing need,” added Jain.