Fri. Mar 29th, 2024

Exfinity Ventures led $5 million pre-Series A round in a Hyderabad-based edtech company 3rdFlix Visual Effects Pvt Ltd.

While, YourNest, IDFC Parampara, and HNIs also participated in the round.

The startup plans to use the capital raised to increase its current market penetration from 1.5+ lakh in the Classs VI-XII segment and launch immersive and experiential content later this year.

It is also planning to launch in international markets in the next 18 months, particularly the US, Africa, the UAE, and Southeast Asia.

Shailesh Ghorpade, Managing Partner and CIO, Exfinity Venture Partners LLC, said, “3rdFlix is founded by a stellar founding team that is driven by a mission to democratise effective learning by supplementing teachers with content that is immersive, modular and conceptualised by veteran academicians. In India there is an acute problem of imparting effective knowledge and 3rdFlix attacks this core issue by ensuring that its cutting edge content can make teaching effective and increase student engagement.”

3rdFlix was founded by Subbarao Siddabattula, Ilangovel Thulasimani, and Charu Noheria in 2014. The platform uses VFX and technologies such as ML/AI, AR, VR, and MR to create life-like intelligent shared experiences for enhanced learning.

“With amazing advancements in spatial computing combined with artificial intelligence, we are looking at a new era of intelligent, interactive and immersive content that will change the way we learn,” said Subbarao Siddabattula, Founder & CEO of 3rdFlix.

Apart form this, other edtech startups include Unacademy, Khan Academy, BYJU’s, MyMBAcircle, and many more.

Leave a Reply

Your email address will not be published. Required fields are marked *