Practically, an e-learning app, has raised $4 million in a pre-Series B round — led by Siana Capital.
Existing investors such as YourNest Venture Capital and Exfinity Ventures have participated during the round. The e-learning company had previously raised Series A funding of $5 million in 2019.
Practically will use the funds for expanding its operations beyond Telangana and Andhra Pradesh.
Practically is an intelligent, interactive and immersive learning app for students of classes 6-12 with a focus on STEM learning. The e-learning app that brings learning through immersive videos, interactive augmented reality and 3D simulations.
“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,” said Subbarao Siddabattula, founder and CEO of Practically.
Practically is an outcome of deep-rooted insights based on several man-years of study around children’s learning and retention modes leading to the innovative use of new-age tech tools such as AR to provide an immersive learning experience for children.
“Our expansion plan includes establishing a footprint pan-India in the next 12 months. We are aiming to expand operations in the Middle East and set foot into the US market in the near future,” said Charu Noheria, co-founder and COO of Practically.
Practically enhances conceptual understanding and improving retention of concepts with features like life-like video content, hands-on learning, experiential learning, 24×7 seek help with access to subject experts for doubt resolution, live classes, Proton – the AI assistant and study buddy and Coding++.
Practically claims that more than 3 lakh 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 more than 3,000 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.