English learning platform OckyPocky raises funding from Quant Fund and Goodwater Capital
- ByStartupStory | August 1, 2022
OckyPocky, a platform for teaching English to children has received funding from Quant Fund, which is backed by Naval Ravikant, and Goodwater Capital, based in Silicon Valley. This adds to the startup’s funding from Hyderabad-based SucSEED Innovation Fund and Udaan co-founder Sujeet Kumar, which was first revealed in September 2021.
The startup will use the money to expand the number of languages supported by its platform and to increase its distribution. OckyPocky currently aids students in learning English through Marathi and Hindi. It plans to expand its platform to include Kannada, Punjabi, Malayalam, Tamil, and Telugu.
The current fundraising allows us access to Silicon Valley money and provides us with a fresh viewpoint via a new network of investors. The main barrier to middle-class jobs and admissions is English. The founder of OckyPocky, Amit Agrawal, has made it his aim to empower kids and assist them in mastering English since the company’s beginning.
Additionally, the site offers live lessons to students, and it claims to have about 500,000 active users each month. Depending on its expansion objectives, OckyPocky is also in discussions to raise more money before the end of this year.
Abraham Othman, the senior researcher at AngelList Early-Stage Quant Fund stated, “We’re happy to be OckyPocky investors. According to our statistics, they have one of the best technical teams among Indian companies thanks to their important goal.”
About Ockypocky
OckyPocky, a company founded in 2017 by the former head of YouTube India, Agrawal, uses natural language processing (NLP) to teach and practise English to children between the ages of 2 and 8. It is aimed at small-town parents who have trouble speaking English to their children.
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