Shikho’s $4 Million Seed Round

Allen & Gledhill assisted Wavemaker Pacific 4 L.P. (“Wavemaker”) on the matter.

Dhaka-based ed-tech startup Shikho has raised US$4 million in new seed funding. 

The round was led by Wavemaker Partners, a leading venture capital firm in Southeast Asia, with participation from returning investors LearnStart, the seed fund of Learn Capital, Anchorless Bangladesh, and Vibe Capital, and new backers DSG Consumer Partners, Black Kite Capital, Ratio Ventures, and Julian Shapiro, the Founder of Demand Curve.

This is in addition to the  $1.3 million Shikho raised in August 2021 from Silicon Valley-based LearnStart, Anchorless Bangladesh, and Wavemaker, bringing its total round to $5.3 million, the largest seed funding a Bangladeshi startup has raised to date, per a press release.

Shikho provides academic courses for the Bangladeshi National Curriculum Secondary School Certificate (SSC), Higher Secondary School Certificate (HSC), and competitive University Entrance Exams. Shikho launched the first version of its mobile learning app in November 2020. 

The Allen & Gledhill team was led by Partner Nicholas Soh (Picture).  

Involved fees earner: Nicholas Soh – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Wavemaker Pacific 4 LP;

Sonia Carcano

Author: Sonia Carcano