Practically, a product of 3rdFlix Visual Effects Pvt Ltd, announced that it has raised $4 million in a pre-Series B round led by Siana Capital, a deep tech investor. Existing investors YourNest Venture Capital and Exfinity Ventures also participated in the funding round.
Earlier, the company raised Series A funding of $5 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. Over 3,00,000+ students have accessed the content on Practically.
Commenting on the startup journey, Subbarao Siddabattula, founder & CEO, Practically, said: “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, cofounder & 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.
Recently, the company appointed Kavya Natarajan as Senior Manager – Public Relations. She will lead all Communication & PR activities at Practically.
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