This round included other investors such as the family office of the JM Financial Group, LetsVenture, Trica, Super Morpheus, and Yuj Ventures.
“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, told ET.
The funding saw participation from tech entrepreneurs Varsha Rao and Amit Ranjan.
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.
“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 said.
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Seekho rewards learning journeys leading to real career outcomes. Every milestone completed on Seekho earns Karma Points. These points can be redeemed on live classes, and also move learners up the Seekho Talentboard where corporates are on the lookout to hire.
“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.
“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.
