MAM
Seekho raises Rs 3.75 crore in seed round led by We Founder Circle
Mumbai: Investment platform We Founder Circle (WFC), led by a global community of founders and strategic angels, has led a seed round worth Rs 3.75 crore in an edutainment startup, Seekho. Many strategic angels have banded together to propel the start-up to new heights.
Seekho said that it aims to define an entirely new category of edutainment content by combining educational content with entertaining byte-sized videos, building a “Netflix for Learning.” Seekho plans to use the investment to expand into new languages and expand their already diverse premium content library.
The current round witnessed participation from We Founder Circle and SucSEED Innovation Fund, along with Toppr co-founder Hemanth Goteti and other executives.
IITK alumni Rohit Choudhary, Keertay Agarwal, and Yash Banwani founded the company in 2020. The startup is already backed by PointOne Capital, 3one4 Capital, First Cheque, Callapina Capital and entrepreneurs including Anupam Mittal (People Group), Gaurav Munjal (Unacademy), Ramakant Sharma (Livspace), Zishaan Hayath (Toppr), Dinesh Goel (Aasaanjobs), Alok Mittal (IAN), Miten Sampat (CRED), Aakrit Vaish (Haptik), Harsh Shah (Fynd) and Harpreet Singh (Cocubes).
We Founder Circle co-founder Gaurav VK Singhvi said, “At We Founder Circle, we are pleased to have invested in Seekho since they have demonstrated the will and smart ideas required to run a start-up. The start-up has the potential to revolutionise the education system and benefit society in a great way. We pledge our mentorship and support to Seekho, and we intend to cover all aspects of their development, including business strategy, product development, community building, and connecting with potential business mentors.”
Seekho founder and CEO Rohit Choudhary added, “At Seekho, we are thrilled to have WFC and SucSEED as strategic investment partners, especially at this time when we are seeing really promising early results from the launch of Seekho PLUS subscriptions. With such strategic angels on board, we intend to scale up quickly and reach one lakh paying subscribers in the next six months.”
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
