Lead Angels Network has invested in interactive English learning app for children, OckyPocky, Gurugram based interactive English learning app for children. The total fund raise is estimated at $400,000 for this round.
The startup was founded in 2015, by former YouTube India head and IIM Bangalore alumnus, Amit Agrawal.
WhizKidz team created OckyPocky, an octopus that assists children in learning English using personalized AI/NLP behind the screens. Recently, Prime Minister Narendra Modi lauded the Channapatna toy industry while giving push to toy manufacturing in India. Interestingly, OckyPocky, the octopus, is based on Channapatna toy theme.
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.
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 monetization 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 democratize high quality education access and promote skills that matter.”
Manish Johari, SVP Lead Angels & 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.”
OckyPocky will be using the funds to expand sales capabilities and build further on the technology to meet demand.