Practically Raises $4 Million Led by Siana Capital
Summary
Jan 05, 2021 (AB Digital via COMTEX) -- Hyderabad - 5th January, 2021 - Practically, a product of 3rdFlix Visual Effects Pvt Ltd, announced that it has raised $4 Million in a pre-Series B round. 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. The increasing usage of online learning, propelled by the COVID-19 lockdown, comparatively lower operational costs than physical classes, high penetration of internet and smartphone, and 43% of the population falling between the age of 5 – 24 years, have proven to be significant growth drivers for the industry. Founded in 2018 by Mr. Subbarao Siddabattula, Founder & CEO, Ms. Charu Noheria, Co-Founder & COO and Ilangovel Thulasimani, Co-Founder & CTO, Practically uses next-generation interactive methods, such as Augmented Reality (AR), Simulations and 3D videos for an enhanced learning experience. Practically is the only such product in the world that combines game engine, immersive learning assets, and AI assisted study buddy all in one compact cross platform app.