That is an extension to the funding the startup had introduced in September 2021 from Udaan co-founder Sujeet Kumar and Hyderabad-headquartered SucSEED Innovation Fund.
The startup will use the funds to develop its platform distribution and add extra vernacular languages to its platform. At the moment, OckyPocky helps college students study English via Hindi and Marathi. It appears so as to add Tamil, Telugu, Punjabi, Malayalam, and Kannada to its platform.
“The current funding opens us as much as the funds in Silicon Valley and provides us a more recent perspective via a brand new channel of buyers. English is the largest gatekeeper for admissions and jobs for the center class. Since its inception, OckyPocky has been on a mission to kids and assist them grasp English with the correct studying instruments,” Amit Agrawal, founder OckyPocky, informed ET.
Based in 2017 by Agrawal, the previous Youtube India head, OckyPocky leverages pure language processing (NLP) to assist youngsters between the ages of two and eight years study and converse English. It targets dad and mom of small-town youngsters, who face challenges with spoken English.
The platform additionally gives stay lessons to college students and claims to clock roughly half 1,000,000 month-to-month lively customers on its platform.
Uncover the tales of your curiosity
Whereas including to its languages and NLP capabilities, OckyPocky is concentrating on to the touch 1 million month-to-month lively customers by FY23. Additionally it is piloting totally different income streams, together with providing a premium model of its studying app.
OckyPocky can also be in talks to lift extra funds by the tip of this 12 months relying on its progress targets.
“We’re thrilled to be buyers in OckyPocky. We all know from our information that their very important mission is attracting some of the gifted technical groups amongst Indian startups,” mentioned Abraham Othman, senior researcher at AngelList Early-Stage Quant Fund.
Different edtech startups within the area embody Villgro-backed Blackboard Radio which helps college students in grades 1 to 10 study English.