Edtech startup ODA Class announced on Thursday that it has secured $500,000 in a Series B funding round.
According to a statement from the Bengaluru-based ODA Class, the company will strategically use the funds to boost digital marketing efforts, aiming to increase brand visibility and reach a wider audience.
This latest round brings ODA Class’s total capital raised to $12.75 million. Previously, the startup raised $9 million in 2021, $3 million in 2022, and $250,000 in 2023.
“The latest round of funding showcases that we are headed in the right direction with our plans to transform the edtech sector,” said Neeraj Kumar, finance head of ODA Class. “We are now well-positioned to enhance our technological capabilities and expand our product offerings. Our focus on AI integration and digital marketing will lead us towards achieving our goal of providing accessible and quality education to students across the country.”
ODA Class is backed by investors such as Skywalker Education Technology (Singapore), Daituzi Education Technology, and Matrix Partners China.
The company plans to introduce AI-driven features in its mobile app to personalize and enhance the learning experience.
The startup reported a revenue of Rs 65.81 crore in FY24, an increase from Rs 63.76 crore in FY23 and Rs 26.90 crore in FY22.
Founded in 2019, ODA Class provides live online courses for grades 1 to 10. With educators from IITs and NITs, the platform has served over 25,000 long-term students and aims to enroll 100,000 students in 2024 while continuously improving its learning platform.
