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| OckyPocky Team |
The amount will be leveraged to further the brand’s tech-led value proposition to help students gain favourable learning experiences
India, September 09, 2021: OckyPocky, India’s first interactive learning app, is ramping up operations across tier II, III and IV regions in the country. The company is also betting big on innovation and introducing new products to enhance its contribution towards English learning among Indian kids. To this end, the company has raised an undisclosed amount in investment from Hyderabad-headquartered SucSEED Indovation Fund as part of its Seed round. With the proposed capital infusion, the platform will further grow its repository of content for a wider vernacular audience and also fine-tune its offerings to benefit a greater student base.In an industry where online learning for kids is mostly focused on test prep, OckyPocky offers key language learning programs so kids can achieve lasting success with a firm grasp on the English language. Through an AI-based platform that gives real-time feedback to kids as they learn, OckyPocky ensures an exciting learning experience and better learning outcomes.
Speaking on the capital injection, Amit Agrawal, Founder & CEO, OckyPocky, said, “Since its inception, OckyPocky has been on a mission to empower children and help them master English - with the right learning tools that can unlock unlimited future possibilities for them. With this Seed Funding round led by Sujeet Sir and SIF, we will be able to expand and further develop our technology to deliver high quality personalized learning experience enabled by an interactive and innovative approach across India’s high-potential tier II, III and IV cities."
"The OckyPocky team is focused on solving one of the long-standing problems in the Indian education system i.e. democratising English learning through tech. I was impressed by the product quality and team background along with the personalized nature of the language learning programs that it offers. Their product is propelled by their huge IP and has been steadily growing since the pandemic. It is vernacular focused and I could relate to my own humiliation stories from my childhood when discussing with them. I will be spending some time every quarter to help them iron out their scaling plans, and am really excited to join hands and support them in their journey." Sujeet Kumar, CoFounder & CEO Udaan (the fastest unicorn in India).
Speaking on why they have invested Vikrant Varshney Co-Founder & Managing Partner of SucSEED Indovation Fund, said “The Indian education system has gone through some landmark shifts, with the pandemic and increasing digitisation. As a result the size of the market are poised to scale USD 3.2 billion by 2022 and USD 10.4 billion by 2025. The transformation while still being able to cater to all students through digital mode. OckyPocky makes learning fun and personalised. It facilitates brain development, skill development by taking advantage of a kid's natural desire to learn and also curating creative courses for their learners. OckyPocky is an interactive app using AI technology to create a personalized experience.”
About OckyPocky
OckyPocky was established in the year 2017 with a vision to target parents of small-town kids who face challenges with English speaking. The innovative start-up was founded by former YouTube India head and IIM Bangalore alumnus Amit Agrawal. He decided to bridge the gap for ‘Bharat’ thereby building a better foundation for its future generations at a stage where it really matters.
OckyPocky – The Octopus is based on the theme of Channapatna Toy, which assists children with their English learning needs using AI/NLP behind the screens. Unlike other video apps, OckyPocky gives feedback and allows kids to master the early year vocabulary foundation with voice, video, and vernacular. OckyPocky runs with a motto, “Skills That Matter”. With this as their philosophy, they help children develop creativity and logical reasoning besides English skills. The classes are delivered by OckyPocky's highly competent, industry-leading teachers, who are trained in digital teaching methodology.
About SucSEED Indovation Fund
SucSEED Indovation Fund is an AIF Cat-1 Venture Capital Angel Fund with 100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyd Foundation. General Partners and Team members of Indovation Fund have 100+ years of cumulative experience within technology, fund management, and startup ecosystem and have already invested in 45+ companies and is a team of proven Industry leaders in Tech & Entrepreneurship, venture capital investment, risk management, and funds and transaction management, joined together for the sole purpose of bringing tech innovation to the market with their engagement and growth mentoring.
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