kindrik partners advises edtech startup shikho on US$1.3m seed round
Kindrik Partners recently advised Shikho, an edtech startup focused on making education accessible and affordable for Bangladeshi students, on its $1.3million seed funding round.
LearnStart, the seed fund of Silicon Valley-based edtech investment fund Learn Capital, and Anchorless Bangladesh, a New York-based early-stage venture capital firm, led the round. It also had participation from Wavemaker and Ankgur Nagpal, founder and CEO of online platform Teachable. The company previously raised $275,000 in pre-seed financing from LearnStart and other angel investors.
The content on the Shikho platform is based on the Bangladeshi National Curriculum and features animated video lessons, interactive live classes, and continuous assessment. It also includes gamification techniques such as point-scoring systems and leaderboards, where students can measure their performance against users at their school, or across the entire app.
The company was founded in April 2019 by CEO Shahir Chowdhury and COO Zeeshan Zakaria. The pair previously worked in finance but both have connections to the education sector – both Chowdhury’s parents were teachers, and Zakaria pivoted from finance to teaching mathematics.
Shikho plans to use the funds to continue hiring edtech talent and accelerating content and technology development, in addition to focusing on user acquisition, including offline sales teams for school wide presence.
Partner Lee Bagshaw says of the deal, “the market opportunity for Shikho is massive and they’re poised to take the lead in remote learning in Bangladesh and beyond – it was a pleasure to work with them on this deal.”
Read our other recent deal announcements here.