Saturday, Jan 29 2022 | Time 10:34 Hrs(IST)
image
Business Economy


Practically raises USD 4 million

Mumbai, Jan 5 (UNI) Practically, a product of 3rdFlix Visual Effects Pvt Ltd, announced that it has raised USD4 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 USD5 Million in 2019. The funds will be invested in expanding the operations of Practically.
Practically is an intelligent, interactive and immersive learning app for students of classes 6-12 with a focus on STEM learning. It is the only experiential learning app that brings learning alive through immersive videos, interactive augmented reality and 3D simulations. It offers an edge over other learning apps by enhancing conceptual understanding and improving retention of concepts with features like life-like video content, hands-on learning, experiential learning, 24x7 seek help with access to subject experts for doubt resolution, live classes, Proton - the AI assistant and study buddy and Coding++. 3,00,000+ students have already benefited from the engaging content on Practically.
The Practically School Solution, a B2B2C offering, gives schools and its teachers access to the Practically teacher app FREE of cost. Teachers can access 3000+ videos and 1000+ Simulations/AR and features like virtual classes, test -prep, assessments, analytics, and assigning homework, etc. The app covers universal curriculum across Math and Science for 6th to 12th grades. Over 130 schools across India are already using Practically to enable online classes during the pandemic.
Speaking on the successful funding round, Mr Subbarao Siddabattula, Founder & CEO, Practically said, ''This pre-Series B funding showcases the extreme faith our investors have reposed on Practically. 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.''
Practically is an outcome of deep-rooted insights based on several man-years of study around children’s learning & 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 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 Ms Charu Noheria, Co-Founder & COO, Practically.
''We have seen a perfect blend of robust technical expertise, understanding of the industry, and a strong business acumen in the Practically team. To us, Practically is a very carefully crafted product that can create a niche for itself in the booming EdTech industry due to its focus on experiential learning,'' added Mr Sunil Goyal MD, YourNest Venture Capital.
UNI JS SV 1508
More News

Maaza unveils latest campaign ‘Dildaar Bana De’ in AP, Telangana regions

28 Jan 2022 | 11:05 PM

Hyderabad, Jan 28 (UNI) Maaza, Coca-Cola India’s homegrown mango drink has launched its latest campaign ‘Dildaar Bana De’ in the regions of Andhra Pradesh and Telangana on Friday.

see more..

Century Plyboards Q3 net profit up 48 pc at Rs 97 3 cr in FY22

28 Jan 2022 | 10:56 PM

Hyderabad, Jan 28 (UNI) India’s leading plywood company, Century Plyboards (India) Ltd. On Friday reported its Profit After Tax (PAT) increased 48 per cent atRs 97.3 crores in the third quarter ended December 31, 2021 as against Rs 65.9 crores in the corresponding quarter of the previous financial year.
Net Revenue from operations for the Third Quarter was Rs 848 crore, an increase of 30 per cent over corresponding period of last financial year (Rs 654 crore), the company said in a statement here.

see more..

India, UK conclude first round of talks for FTA

28 Jan 2022 | 10:07 PM

New Delhi, Jan 28 (UNI) Seeking to negotiate an early trade deal, India and the UK have concluded the first round of talks for Free Trade Agreement (FTA) between the two countries.

see more..

L&T Q3 PAT dips 16 70 pc

28 Jan 2022 | 10:05 PM

Mumbai, Jan 28 (UNI) Engineering major Larsen & Toubro (L&T) on Friday reported a 16.70 per cent decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 2054.74 crore.

see more..

SPMCIL sets up new bank note printing lines

28 Jan 2022 | 7:13 PM

New Delhi, Jan 28 (UNI) Security Printing and Minting Corporation of India Ltd (SPMCIL) has set up new bank note printing lines each at Currency Note Press, Nashik and Bank Note Press, Dewas as part of its modernisation plan.

see more..
image