OckyPocky, a Gurugram-based interactive English learning platform for Pre-K children, has raised an undisclosed amount in funding from Silicon Valley-based Goodwater Capital and Naval Ravikant-backed Quant Fund.
With this fund, the startup plans to grow its platform distribution and add more vernacular languages to its platform. Currently, OckyPocky helps students learn English through Hindi and Marathi. It looks to add Tamil, Telugu, Punjabi, Malayalam, and Kannada to its platform.
Founded in 2015 by former YouTube India head and IIM-Bangalore alumni Amit Agarwal, OckyPocky provides key language learning programs so kids can achieve lasting success with a firm grasp of the English language. Through an AI-based platform — which gives real-time feedback to kids as they learn--it ensures better learning outcomes. The startup leverages natural language processing (NLP) to help kids between the ages of 2 and 8 years learn and speak English. It targets parents of small-town kids, who face challenges with spoken English.
Ocky Pocky's vision is to make learning fun and personalized. It facilitates brain development, skill development by taking advantage of kids’ natural desire to learn.
Speaking about the platform and how the funding will help the company, Founder & CEO of OckyPocky, Amit Agrawal, said: in a statement:
"The present funding opens us up to the funds in Silicon Valley and gives us a newer perspective through a new channel of investors. English is the biggest gatekeeper for admissions and jobs for the middle class. Since its inception, OckyPocky has been on a mission to empower children and help them master English with the right learning tools."
The platform also provides live classes to students and claims to clock roughly half a million monthly active users on its platform. While adding to its languages and NLP capabilities, OckyPocky is targeting to touch 1 million monthly active users by FY23. It is also piloting different revenue streams, including offering a premium version of its learning app.
Commenting on the investment, Senior Researcher, AngelList Early-Stage Quant Fund, Abraham Othman, said:
"We’re thrilled to be investors in OckyPocky. We know from our data that their vital mission is attracting one of the most talented technical teams among Indian startups."
The latest funding is an extension to the previous round OckyPocky had announced in September 2021 from Udaan co-founder Sujeet Kumar and Hyderabad-headquartered SucSEED Innovation Fund. Prior to that, the company had raised an undisclosed amount of investment in a seed round led by Lead Angels Network in August 2020.