Ed-tech startup Shikho raises funding worth $900,000

The leading Ed-tech startup Shikho has raised an investment fund worth $900,000 from three new and one existing investors in a strategic funding round.

The funding will help the company on its mission to democratize access to high-quality education in Bangladesh, said a press release.

The startup got the funding from four investors.  Three of the investors are international venture capital funds - Goodwater, Sturgeon Capital and Black Kite Capital while the existing investor is a philanthropic organisation - Sajida Foundation.

With the funding, the total funding of Shikho rose to a total of $6.5 million till date, the highest for any education technology startup in the country.

The investment from Goodwater, Sturgeon Capital and Black Kite Capital, three globally recognised investors, is a testament to the growth potential of Shikho.

Shikho already has some well-known global names backing it. They are Learn Capital from Silicon Valley and Wavemaker Partners from Singapore.

On the other hand, Sajida Foundation, a respected philanthropic organisation, has further strengthened Shikho's connection to the community and its deep focus on social impact.

Shikho has already made significant strides in advancing the quality of education in Bangladesh.

The startup claims that it had reached over two and a half million students in 2022 and its learning platform currently offers a data-centric, personalised and engaging learning experience that empowers students to learn at their own pace and in their preferred style whilst creating access to some of the best teachers in the country.