Bengaluru-based edtech startup ODA Class has raised $500,000 in a Series B funds round led by Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited and Matrix Partners China.
This round brings the startup’s all-time fundraising total to $12.75 million. It raised $9 million in 2021, followed by $3 million in 2022 and $250,000 in 2023.
What does the ODA class do?
Founded in 2019, ODA Class offers live online courses for students in grades 1-10, leveraging AI technologies and innovative marketing strategies.
Aiming to provide high-quality education at affordable prices, the startup claims to have served over 25,000 students in the long run and aims to enroll 100,000 students by 2024.
Purpose of fundraising
ODA Class plans to use the capital raised to enhance its technological capabilities and expand its product offering, with a particular focus on AI integration and digital marketing.
“With the latest funding, we are well positioned to enhance our technological capabilities… Our focus on integrating AI and digital marketing will lead us to achieve our goal of providing accessible and quality education to students across the country,” said Neeraj Kumar, Chief Financial Officer, ODA Class.
Financial growth of the ODA class
ODA Class revenue grew from Rs 26.90 crore in FY 2021-22 to Rs 63.76 crore in FY 2022-23, further increasing to Rs 65.81 crore in FY 2023-24.
The startup also streamlined its expenses, which were reported at Rs 79.20 crore in FY 2021-22, Rs 107.81 crore in FY 2022-23 and Rs 85.20 crore in FY 2023-24.
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