Edtech startup ODA Class raises $500K in Series B round

Bengaluru-based edtech startup ODA Class has raised $500K in its Series B round from Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited, and Matrix Partners China. 

Following the latest round of funding, the total funding raised by ODA Class is now $12.75 million.

In March 2020, the startup had raised an undisclosed amount in its pre-Series A round from Yuanfudao, a China education giant. In 2021, the company raised $9 million, followed by $3 million  in 2022 and an additional $250K in 2023. 

According to ODA Class, the funds will be used in several key areas to maximize impact, like digital marketing, which will enhance the company's brand visibility and reach a broader audience. 

Founded in 2019, ODA Class offers live online courses for students from class 1 to 10. Using AI technologies and innovative marketing strategies, the company provides high-quality education at accessible rates. 

With educators from IITs and NITs, ODA Class has served over 25,000 long-term students and aims to enroll 100,000 students in 2024 while continuing to enhance its learning platform.

The company claims to have reported revenues of Rs 26.90 crore for FY22, which grew to Rs 63.76 crore in FY23 and further increased to Rs 65.81 crore in FY24. In parallel, the company managed to optimize its expenditures, with costs reported at Rs 79.20 crore in FY22, Rs 107.81 crore in FY23, and Rs 85.20 crore in FY24.