Gurugram-based interactive english learning app for children OckyPocky recently announced that it has raised a seed round led by Lead Angels Network.
According to statement released by the startup, OckyPocky will be using the funds to expand sales capabilities and build further on the technology to meet demand.
Founded in 2015 by former YouTube India head and IIM Bangalore alumnus Amit Agrawal, OckyPocky is an interactive English learning app, focused on catering to non-english speaking families.
WhizKidz team created OckyPocky, an octopus that assists children in learning English using personalised AI/Natural Language Processing (NLP) behind the screens. Starting with a “skills that matter” theme, OckyPocky plans to teach creativity, logical reasoning apart from teaching English to children.
Unlike other video apps, OckyPocky gives feedback and allows kids to build early year vocabulary foundation with voice, video and vernacular. OckyPocky caters primarily to non-English speaking families. The app engages more than 200,000 children in a month with kids learning 8-10 million words in 30 days.
Speaking about the development, Amit Agarwal, Founder, OckyPocky, said,
“With the lockdown, our servers crashed due to increased traffic and we had to downsize to increase the runway. With funding secured through Lead Angels, we went full speed on monetisation and are doubling the revenue every month. We are also increasing our team size and are looking out for a bigger office space.”
“The team comprises of content, technology, HR, and growth experts. We believe we have a duty to democratise high quality education access and promote skills that matter,” he added.
Apart from premium content, the team has also started live classes. Starting with the theme of “skills that matter”, the startup plans to teach creativity and logical reasoning along with spoken English.
Commenting on the investment, Manish Johari, SVP Lead Angels and Ambuj Jhunjhunwala added,
“We have seen increased adoption and crazy growth on the back of COVID-19 and lockdown effect. Lead Angels is delighted to partner with OckyPocky and assist in high growth trajectory while creating social impact across non English speaking homes.”
Earlier, in August 2018, the startup had raised an undisclosed amount in angel round through ah! Ventures, a startup-focussed growth catalyst firm.
Authored by Ayush Sharma
Content Developer, Startup Monk