Shashank Shekhar’s AI-Led Learning Startup Raises Funds

Shashank Shekhar, who previously headed content strategy and operations at ShareChat, is securing $4 million for his new AI-led learning startup, as reported by two sources familiar with the matter. Peak XV Partners is spearheading this funding round, with various early-stage institutional and angel investors involved, as mentioned by an anonymous source. It has been noted that Shekhar has been developing this project discreetly over the last few months and already has initial prototypes ready.

Startup in Stealth Mode

This startup is currently functioning in stealth mode and is anticipated to launch later this year. The details are still sparse, but the business model reflects aspects similar to Seekho, a platform geared towards career-focused learning. Reports indicate that Seekho is in discussions to secure between $25-30 million in funding.

Shekhar’s Background

Shashank Shekhar held the position of Head of Content at ShareChat from December 2016 until May 2018. After that, he co-founded Circle Internet, a hyperlocal information platform that was acquired by ShareChat in August 2020. Post-acquisition, he took on the role of Head of Content Strategy and Operations at the Google-backed company until his resignation in March of this year.

Funding Round Information

The funding round is expected to conclude within the next few weeks. The startup is likely to allocate the raised capital towards expanding its AI and product teams, continuing the development process, and preparing for its initial rollout, as indicated by another source.

Startup Name and Competitors

The startup’s name has not yet been disclosed. Attempts to reach Shekhar and Peak XV for comments did not receive a response by the time of this publication. While Shekhar’s new venture will be the first direct competitor to Seekho, platforms such as YouTube Shorts and Instagram present indirect competition through their creator-driven educational content targeting the same demographic.