Hyderabad-based edtech startup Practically bags $5M to expand its operations across India
Founded in 2018, Practically caters to children in grades six through twelve, with a concentration on STEM study, and incorporates Augmented Reality (AR), simulations, and 3D movies to enhance the learning process. Practically recently announced that it has raised $5 million. The latest funding round was led by Earlsfield Capital, NB Ventures, others backers. “As we prepare for the Series B fundraise in the next months to make Practically a worldwide brand, we’re excited to welcome a new group of investors. Since its inception during the first lockdown, the Practically app has allowed 1.5 million students to maintain their experiential learning. This investment plan not only restores investor confidence in the company, but it also provides the impetus needed to improve student learning and empower teachers,” said Charu Noheria, Co-founder and COO, Practically. The startup will use these funds to grow its services across India, the Middle East, and Southeast Asia, with a focus on growth, business development, building up the business and sales verticals, and pushing tactical hiring to solidify its edtech footing.