Edtech Platform Practically Raises $5 Million For Overseas Expansion
12/20/21, 3:59 PM
Money raised
$5 million
Industry
sales and marketing
software
Edtech platform, Practically has raised $5 million in a round led by NB Ventures (U.A.E) to expand in overseas markets.
Company Info
Additional Info
She said the company was looking to revolutionize the education space and will focus on product development and technological innovation along with robust marketing efforts and hiring appropriate talent. Noheria said the company has reached the milestone of 1.5 million downloads. Practically's paid user growth has been 2x month on month for the last quarter, she said and this trend is expected to continue as the company eyes growth in its subscriber in India and the Middle East. The company which started in Andhra Pradesh and Telangana is now scaling up at a pan India level."Outside India, the Middle East is our focus market as we have received very positive responses to our product and we will be partnering with many more schools there in 2021. In line with this the company is exploring partnerships in countries where there is a need for content in another language.