'Shikho' gets new investment

Bangladesh-based education technology (edtech) startup 'Sikho', the flagship venture capital firm under the government's ICT department, has received fresh investment from Startup Bangladesh. Three other domestic investors—Wasiqur Rahman, Kazi Zeeshan Rabet Hasan and Kazi Zahin Shahpar Hasan—also participated in this round. As a result, Sikho's total investment was 80 million US dollars.

This education technology startup informed this in a press release. Sikho, which launched in 2019, received fresh investment of Tk 9.6 million two years ago. Till then their total investment income was 67 million dollars.

Shahir Chowdhury, founder and chief executive officer of Sikho said, "Receiving government sponsorship is a historic moment for us. This is not only an acknowledgment of our previous work; Rather, the direction of the future.

Shish Haider Chowdhury, Chairman of Startup Bangladesh and Secretary of ICT Department, said, 'Education is one of the main pillars of our national development strategy. Sikho is creating digital learning solutions that are scalable, inclusive and effective. Supporting homegrown innovators means investing in the education system of the future. It is our goal that technology reaches the hands of every student of the country.

Sikho officials say that with this new investment, Sikho will accelerate its journey towards building an inclusive, artificial intelligence-driven learning ecosystem. Which will be equally effective and accessible for both urban and rural students and teachers of the country. Sikho aims to take the education sector of Bangladesh one step further by developing a modern education system based on technology.