Shikho, the Dhaka-based EdTech startup that provides affordable digital resources and tools in academic courses, has acquired Bohubrihi, one of the leading online professional courses platforms in Bangladesh.
The company did not disclose the amount of the deal; however, it reportedly involves both cash and stock.
Per a press statement, the move signals an acceleration of Shikho’s broader vision to provide quality education and instruction for learners of all ages in Bangladesh. Shikho, who already provided students with affordable digital resources and tools to succeed in academic courses, will now be able to provide the same for those wanting to gain professional skills.
Announcing the deal, Shahir Chowdhury, Co-founder & CEO of Shikho, said in a statement,
"Yanur has deep domain expertise and is a proven entrepreneur who shares our passion for democratizing access to a high-quality education. We are purposely building a team of visionary leaders and Piash will be instrumental in helping achieve our ambitions, as Shikho rapidly scales and moves towards providing professional and skills-focused learning."
Bohubrihi was founded in 2016 by Md. Yanur Islam (Piash). Today, the platform has over 100,000 registered users, 63 professional and skills-based courses with over 4,500 video lessons.
Through the platform, students can enroll in a variety of courses that drive tangible career-focused learning outcomes. Some of the most popular courses on Bohubrihi’s platform include web and app development, data science techniques, and digital marketing methods, amongst many others.
Md. Yanur Islam, Founder & CEO of Bohubrihi, said,
"We founded Bohubrihi to create a localized solution for quality, professional online courses. When I started talking to Shahir, I realized that we shared a common understanding of instructional design and the belief that technology will help solve education problems. I am very excited about the future and this new challenge as we look to scale and unlock several immediate synergies by leveraging Shikho’s world class technology and data architecture. For Bohubrihi learners, this means an enhanced learning experience, better support and better chances of success with deeper ties with industry."
As part of the deal, Yanur will continue to run the business joining Shikho as the Head of their Professional Learning vertical.
Shikho had raised $1.3 million in July 2021 in its seed funding round led by New York-based early-stage venture capital firm Anchorless Bangladesh and LearnStart, the seed fund of Learn Capital, with participation from Wavemaker Partners and Ankur Nagpal, founder & CEO of the online learning platform Teachable.
Since the raise, Shikho has released several new courses for the Secondary and Higher Secondary Certificate exams, launched a Live Class solution bringing to market a first of its kind in-app interactive digital classroom, introduced a web portal, and has grown their team from 60 to over 280 employees strong.