[Funding] EdTech Practically Raises Series B $4 Million led by Siana Capital and existing investors

Practically is a product of 3rdFlix Visual Effects Pvt Ltd. The startup announced that it has raised $4 Million in a pre-Series B round. The round was led by Siana Capital, a deep tech investor. It also saw the participation of existing investors YourNest Venture Capital and Exfinity Ventures. The company had previously raised Series A funding of $5 Million in 2019. Practically will use the funds to expand the operations. The company also plans to strengthen operations in Andhra Pradesh and Telangana. It further aims global operations across India, the Middle East and the US in the next 12 months.

About Practically

Practically is a learning app for students of classes 6-12 with a focus on STEM learning. The experiential learning app brings learning 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 the app.

From the leaders

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.

“With the recent round of funding, we will strategically expand the market 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 soon,” added Ms Charu Noheria, Co-Founder & COO, Practically.

“We have seen a perfect blend of robust technical expertise, understanding of the industry, and strong business acumen in the Practically team. To us, it 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.