Hyderabad-based Practically raises $4 million
Political & Business Daily [
Bhubaneshwar
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Jan 6, 2021 | Page No.: 7 | Position: Middle Right | Source: Bureau | Sq Cm: 178 | AVE: 44571 | PR Value: 222855
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Hyderabad•based Practically raises 4 million HYDERABAD JAN 5 try is witnessing today said PRACTICALLY a Subbarao product of 3rd Flix Siddabattula Visual Effects Pvt Ltd Founder CEO on Tuesday announced Practically that it has raised 4 The recent million in a pre-Series round of funding B round will be utilised The round was led strategically to by Siana Capital a deep tech expand the market for Practically investor with participation from beyond Telangana and Andhra existing investors YourNest Pradesh Our expansion plan Venture Capital and Exfinity includes establishing a footprint Ventures The company had previ- pan-India in the next 12 months ously raised Series A funding of 5 We are also aiming to expand oper- million in 2019 The funds will be ations in the Middle East and set invested in expanding the opera- foot into the US market in the near tions of Practically the Hyderabad- future said Charu Noheria Co- based start-up announced Founder COO Practically Practically is an intelligent Practically offers an edge over interactive and immersive learning other learning apps by enhancing app for students of classes 6-12 conceptual understanding and with a focus on STEM learning It is improving retention of concepts the only experiential learning app with features like life-like video that brings learning alive through content hands-on learning experi- immersive videos interactive aug- ential learning 24x7 seek help with mented reality and 3D simulations access to subject experts for doubt This pre-Series B funding resolution live classes Proton - the showcases the extreme faith our AI assistant and study buddy and investors have reposed on Coding-i- Practically The tremendous Over 3 lakh students have response that we are seeing for already benefited from the engag- Practically from schools adminis- ing content on Practically tration faculty parents and stu- The app covers universal cur- dents validates our model Our riculum across Math and Science for progress so far is in-line with our 6th to 12th grades Over 130 schools strategic growth plans and we are across India are already using very well placed to tap the acceler- Practically to enable online classes ated growth that the EdTech indus- during the pandemic PBD