On Friday, the Gurugram-based startup OckyPocky (1) announced that it had secured 400K USD in a seed funding round. Angels Network led the latest funding round of the children’s interactive English learning app.
As per the OckyPocky statement release, the startup will use the funds to increase its sales capacities and grow its technologies to meet the demands.
The team of WhizKidz had created OckyPocky. It is an octopus that helps children to learn English. It uses personalized AI behind the screens.
Recently, Narendra Modi, Honorable Prime Minister of India, gave a push to toy manufacturing in India while complimenting the Channapatna toy industry. Notably, the octopus, OckyPocky, is based on the toy theme of Channapatna.
OckyPocky Aims to Grow with the Theme “Skills that Matter”
Amit Agrawal, ex-YouTube Head of India, an alumnus of IIM Bangalore, founded OckyPocky in 2015. He stated on the development that their servers crashed during the lockdown because of the increased traffic.
He added that his team had to reduce so that they could increase the runway. With the latest funding from Lead Angels, they can now go for monetization and double their revenue every month. OckyPocky is also going to expand its talent and looking for a bigger office space.
At present, the team of the Gurugram-based startup includes content, HR, growth experts, and technology. The team believes that they must democratize high-quality education and promote essential skills, added Agrawal.
Manish Johari, Ambuj Jhunjhunwala, SVP Lead Angels made their comments on the latest investments. They stated that they had observed increased adoption and rapid growth of OckyPocky during the pandemic due to the lockdown effect.
They added that Lead Angels is delighted to collaborate with OckyPocky. The team wants to create social impact across non-English speaking homes while also aiming for higher growth. Earlier in August 2018, the startup had raised an undisclosed fund in an angel funding round.