Shikho, a leading education technology startup from Bangladesh, announced that it has raised $900,000 in new investment from three new and one existing investor in a strategic funding round. The company writes in a press release that the new round will help it on its mission to democratize access to high-quality education in Bangladesh and expand its reach and impact.
Investors in the round: Total four investors took part in the round which includes three international venture capital funds: Goodwater, Sturgeon Capital, Black Kite Capital, and the local philanthropic organization SAJIDA Foundation.
Highest-funded edtech startup: The round makes Shikho the highest-funded edtech startup in the country. The company has raised a total of $6.5 million USD to date. Previous investors include Learn Capital, Wavemaker Partners, Anchorless Bangladesh, and a few others.
What Shikho has to say: Shikho says it 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, personalized, 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.
What people are saying:
Shikho Co-founder and CEO Shahir Chowdhury, said, “We are incredibly excited to create new partnerships with investors who believe in our mission and are committed to help us realize the dream of a Smart Bangladesh. Grateful to have the support of new international investors who see the potential in Bangladesh even in this uncertain global economic climate, and with SAJIDA Foundation’s involvement we feel we have a trusted partner on the ground who is as passionate about impact as we are.”
Alex Branton, Partner at Sturgeon, said, “We at Sturgeon are thrilled to announce our investment in Shikho, the most innovative and exciting EdTech company in Bangladesh. Led by the exceptional founders Shahir and Zeeshan, Shikho is creating an education platform that is unparalleled in its quality, accessibility, and affordability. We are excited to be a part of their journey and look forward to seeing the positive impact Shikho will have on education in Bangladesh.”
Zahida Kabir, CEO of SAJIDA Foundation said, “We are proud to partner with Shikho in their efforts to improve access to quality education in Bangladesh. Shikho’s innovative platform has the potential to transform the way students learn and we look forward to supporting their continued growth.”