Practically, an ed-tech product of 3rdFlix Visual Effects Pvt Ltd, has raised $4 million in a pre-Series B round.
The round was led by Siana Capital, a deep tech investor, with participation from existing investors YourNest Venture Capital and Exfinity Ventures. The company had previously raised Series A funding of $5 million in 2019.
The funds will be invested in expanding the operations of Practically, the Hyderabad-based start-up announced.
Practically is an intelligent, interactive and immersive learning app for students of classes 6-12 with a focus on STEM learning.
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,” said Subbarao Siddabattula, Founder & CEO, Practically.
Practically is an outcome of deep-rooted insights based on several man-years of study around children’s learning and retention modes leading to the innovative use of new-age tech tools such as AR to provide an immersive learning experience for children.
“The recent round of funding will be utilised 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,” said Charu Noheria, Co-Founder & COO, Practically.
Over 3 lakh students have already benefited from the engaging content on Practically.