Practically raises $4 million in funding round led by deep tech investor Siana Capital – Business News , Firstpost

The firm had beforehand raised Series A funding of $5 Million in 2019. This takes the full funding raised by the corporate to $9 million.

Practically, an Edutech product of 3rdFlix Visual Effects Private Limited has raised $4 Million in a pre-Series B funding round. The funding round was led by Siana Capital, a deep tech investor, with participation from current buyers YourNest Venture Capital and Exfinity Ventures. The firm had beforehand raised Series A funding of $5 Million in 2019. The funds might be invested in increasing the operations of Practically. This takes the full funding raised by the corporate to $9 million.

Subbarao Siddabattula, co-founder & CEO, Practically stated in a launch: “The tremendous response that we are seeing for Practically from schools, administration, faculty, parents and students validates our model. Our progress so far is in-line with our strategic growth plans and we are very well placed to tap the accelerated growth that the EdTech industry is witnessing today.”

“The recent round of funding will be utilized strategically to expand the market for Practically beyond Telangana and Andhra Pradesh. Our expansion plan includes establishing a footprint pan-India in the next 12 months. We are also aiming to expand operations in the Middle East and set foot into the US market in the near future,” added Charu Noheria, co-founder & COO, Practically.

“Practically can create a niche for itself in the booming EdTech industry due to its focus on experiential learning,” added Sunil Goyal, MD, YourNest Venture Capital.

Practically is an interactive and immersive studying app for college students of lessons 6-12 with a concentrate on STEM (Science, Technology, Engineering and Mathematics) studying. It makes use of immersive movies, interactive Augmented Reality (AR) and 3D simulations in its app. Over 300,000 individuals have accessed the content material out there on Practically. The Edutech platform was based in 2018 by Subbarao Siddabattula, Charu Noheria, and Ilangovel Thulasimani.

Currently, the platform gives 4 plans that are ‘Free’, ‘Hero’, ‘Super Hero’ and ‘Legend’ equivalent to Rs zero per 30 days, Rs 1,300 per 30 days, Rs 2,000 per 30 days and Rs 3,000 per 30 days respectively.

For lecturers, the platform has a content material library consisting of greater than 4,000 movies and greater than 100 simulations/ AR in arithmetic and science. It additionally has over 200,000 questions unfold throughout 5 ranges of issue for testing college students. More than 100 colleges have linked with Practically as of now.

Find newest and upcoming tech devices on-line on Tech2 Gadgets. Get expertise information, devices opinions & rankings. Popular devices together with laptop computer, pill and cellular specs, options, costs, comparability.

Source hyperlink

What do you think?

Written by Business Boy


Leave a Reply

Your email address will not be published. Required fields are marked *



boAt raises $100 million in funding from New York-based private equity firm Warburg Pincus – Business News , Firstpost

Covid variant found in South Africa is worrying consultants: Here’s what we know so far