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<keyword id="6354552" type="LOCATION" weightage="20" keywordseo="hyderabad">Hyderabad</keyword>, Practically, a product of 3rdFlix Visual Effects Pvt Ltd, on Tuesday announced that it has raised $4 million in a pre-Series B round. The round was led by Siana Capital, a deep tech investor, with participation from existing investors <keyword id="6696110" type="COMPANY" weightage="20" keywordseo="YourNest-Venture-Capital">YourNest Venture Capital</keyword> and <keyword id="2787926" type="COMPANY" weightage="20" keywordseo="Exfinity-Ventures">Exfinity Ventures</keyword>. The company had previously raised Series A funding of $5 million in 2019. The funds will be invested in expanding the operations of Practically, the Hyderabad-based start-up announced. Practically is an intelligent, interactive and immersive learning app for students of classes 6-12 with a focus on STEM learning. It is the <keyword id="10545782" type="UNKNOWN" weightage="20" keywordseo="only-experiential-learning-app">only experiential learning app</keyword> that brings learning alive through immersive videos, interactive augmented reality and 3D simulations. "This pre-Series B funding showcases the extreme faith our investors have reposed on Practically. The tremendous response that we are seeing for Practically from schools, administration, faculty, parents and students validates our model. Our progress so far is in-line with our strategic growth plans and we are very well placed to tap the accelerated growth that the <keyword id="1464841" type="COMPANY" weightage="20" keywordseo="Edtech">EdTech</keyword> industry is witnessing today," said Subbarao Siddabattula, Founder &amp; CEO, Practically. Practically is an outcome of deep-rooted insights based on several man-years of study around children's learning and <keyword id="10545781" type="UNKNOWN" weightage="20" keywordseo="retention-modes">retention modes</keyword> leading to the innovative use of new-age tech tools such as AR to provide an immersive learning experience for children. "The recent round of funding will be utilised strategically to expand the market for Practically beyond Telangana and Andhra Pradesh. Our expansion plan includes establishing a footprint pan-India in the next 12 months. We are also aiming to expand operations in the Middle East and set foot into the US market in the near future," said Charu Noheria, Co-Founder &amp; COO, Practically. Practically offers an edge over other learning apps by enhancing conceptual understanding and improving retention of concepts with features like life-like video content, hands-on learning, experiential learning, 24x7 seek help with access to subject experts for doubt resolution, live classes, Proton - the AI assistant and study buddy and Coding++. Over 3 lakh students have already benefited from the engaging content on Practically. The Practically School Solution, a B2B2C offering, gives schools and its teachers access to the Practically teacher app free of cost. Teachers can access more than 3000 videos and 1000 Simulations/AR and features like virtual classes, test-prep, assessments, analytics, and assigning homework, etc. The app covers universal curriculum across Math and Science for 6th to 12th grades. Over 130 schools across India are already using Practically to enable online classes during the pandemic. SEE ALSO: <a href="https://www.businessinsider.in/india/news/tatas-got-airasia-stake-at-a-20-discount-while-indigo-and-spicejets-value-has-doubled-since-pandemic-broke-out/articleshow/80101467.cms">Tatas got AirAsia stake at a 20% discount while IndiGo and SpiceJet’s value has doubled since pandemic broke out</a> <a href="https://www.businessinsider.in/india/news/bharat-biotech-sees-rivals-conspiracy-in-all-the-criticism-for-the-approval-for-covaxin/articleshow/80099818.cms">Bharat Biotech sees rivals’ conspiracy in all the criticism for the approval for Covaxin</a> <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-mi-10i-mobile-with-108mp-primary-camera-snapdragon-750g-launched-in-india-starting-at-20999/articleshow/80111586.cms">Xiaomi Mi 10i with 108MP primary camera, Snapdragon 750G launched in India starting at ₹20,999</a> <a href="https://www.businessinsider.in/business/news/karan-bajwa-journey-from-ludhiana-to-cisco-microsoft-ibm-to-now-google-cloud-head-in-india/articleshow/74690287.cms">Karan Bajwa’s journey from Ludhiana to Cisco, Microsoft, IBM to now, Google Cloud head in India</a>

Hyderabad-based edtech startup Practically bags a $4 million cheque from Siana Capital

The <a href="http://www.businessinsider.in/searchresult.cms?query=startup+">startup</a> culture is growing in India as high networth individuals (HNIs) have invested more than Rs 1,200 crore into <a href="http://www.businessinsider.in/searchresult.cms?query=venture+capital+">venture capital</a> funds focused on helping early-stage entrepreneurs. 
 These <keyword id="6362476" type="ORGANIZATION" weightage="60" keywordseo="investments">investments</keyword> have flowed in over the past year into these venture <a href="http://www.businessinsider.in/searchresult.cms?query=capital+funds+">capital funds</a> - <keyword id="2491409" type="ORGANIZATION" weightage="80" keywordseo="Orios-Venture-Partners">Orios Venture Partners</keyword>, Zodius Capital, Your-Nest Angel, Kalaari Capital and Blume Ventures - which have together raised Rs 4,360 crore, data shared by these funds with the Economic Times reveal. 
 
These funds have the mandate to invest in app-makers, <a href="http://www.businessinsider.in/searchresult.cms?query=radio+taxi+">radio taxi</a> companies, food-ordering platforms and <a href="http://www.businessinsider.in/searchresult.cms?query=healthcare+">healthcare</a> aggregators and such Internet businesses and other <keyword id="6362513" type="ORGANIZATION" weightage="100" keywordseo="Startups">startups</keyword>. In some funds, over 50% of the corpus raised has come in from high networth individuals. 
 The trend to invest in startups started with top executives and businessmen. "People who are exposed to various asset classes have now begun seeing value in venture funds," says <keyword id="1768757" type="PERSON" weightage="60" keywordseo="Sunil-Goyal">Sunil Goyal</keyword>, CEO of YourNest Angel Fund. 
 
He said: “Even traditionally wealthy investors are warming up to the idea of investing in startup funds." 
 
These numbers are in line with an ET CXO poll on startup investing published on Monday. Over 60% of the 100-plus CXOs polled by ET said they had already invested a portion of their wealth in startups. Another 25% expressed interest in such investments in the future. 
 
· Low awareness level "The HNI response to startup funds has been pretty good, but awareness level is still low," says Rehan Yar Khan, founder-partner at Orios Venture Partners. These funds, Khan says, are not yet as popular as <keyword id="6354553" type="COMPANY" weightage="80" keywordseo="real-estate">real estate</keyword> or equity funds. 
Orios Venture mobilised close to Rs 150 crore from HNIs in its earlier fund, which closed in August 2014. It is now raising Rs 1,200-crore fund and expects to get Rs 300 crore from rich Indian investors. 
Zodius Capital recently raised over 45% of its Rs 700-crore fund from rich domestic investors. 
 
· Ticket sizes have grown 
Individual ticket sizes have also grown over the past few months with average investment ticket sizes of Rs 10-20 crore. Wealth managers seek larger investments as these funds have a high failure rate. A portfolio of 20 companies may only have 3-4 multi-baggers (yielding returns of over 50 times), the rest being average performers and many turning plain duds. 
 
Wealth managers say funds will have to generate gross returns in excess of 20 per cent to make a meaningful case. "We'll have to wait and see how the first batch of funds delivers in terms of returns. Vintage funds in this segment will set the tone for future investments in startups," said Karthik Reddy, managing partner at Blume Ventures. 
 
 (Image: Indiatimes)

Rich people from around the world have invested more than Rs 1,200 cr in Indian startups

Looks like Indian government's '<keyword id="3003094" type="UNKNOWN" weightage="100" keywordseo="Startup-India">Startup India</keyword>, <keyword id="3086992" type="UNKNOWN" weightage="100" keywordseo="Stand-up-India">Stand Up India</keyword>' programme is getting onto the right track. In a recent development, <keyword id="104385" type="COMPANY" weightage="100" keywordseo="Small-Industries-Development-Bank-of-India">Small Industries Development Bank of India</keyword> (<keyword id="6391656" type="COMPANY" weightage="100" keywordseo="SIDBI">SIDBI</keyword>) has cleared Rs 930 crore from the Rs 2,000-crore fund-of-funds that was launched in August to support venture capital funds. 
 SIDBI's <keyword id="3007722" type="UNKNOWN" weightage="100" keywordseo="India-Aspiration-Fund">India Aspiration Fund</keyword> (<keyword id="6355075" type="ORGANIZATION" weightage="100" keywordseo="IAF">IAF</keyword>) has already screened over 30 venture capital funds since its launch, and sanction letters have been issued to more than half of them. 
 "Proposals from 24 venture capital funds for an aggregate commitment of Rs 930 crore have been cleared in principle by the <keyword id="3181679" type="UNKNOWN" weightage="100" keywordseo="venture-capital-investment-committee">venture capital investment committee</keyword> (<keyword id="2838877" type="UNKNOWN" weightage="100" keywordseo="VCIC">VCIC</keyword>) so far, out of which sanction letters have already been issued to 16 VCFs with an aggregate commitment of Rs 482 crore, where documentation is in progress," SIDBI Chairman and MD Kshatrapati Shivaji told ET. 
 
There are a dozen proposals for a potential commitment of around Rs 500 crore that are lined up for the consideration of Venture Capital Investment Committee (VCIC), which comprises of a panel of experts in various fields who are advising SIDBI in screening the venture funds. 
This panel includes TV Mohandas Pai, chairman of Manipal Global Education Services; Sanjeev Bikchandani, founder of Naukri.com owner InfoEdge; Saurabh Srivastava of Indian Angel Network; Kiran Karnik, former Nasscom chief; Vaidyanathan, IIM-Bangalore; and Harkesh Mittal, programme head of innovation, entrepreneurship and technology commercialisation at the Department of Science and Technology. Two senior SIDBI executives are also included in the panel. 
 
After application, the proposals are put up to an executive committee of the bank's board, which then sanctions these applications. SIDBI has already supported Blume Ventures, Orios, YourNest, Ivy Capital and Infuse Ventures through IAF. 
 
<a href="http://bankersherald.in/wp-content/uploads/2015/06/SIDBI-bank-recuritment.jpg">Image source</a>

SIDBI clears Rs 930 crore to support VC funds

<ul><li><keyword id="7954115" type="UNKNOWN" weightage="20" keywordseo="robotics-startup">Robotics startup</keyword> <keyword id="4512088" type="PERSON" weightage="20" keywordseo="Emotix">Emotix</keyword> who produces the robot <keyword id="3337756" type="PERSON" weightage="20" keywordseo="miko">Miko</keyword> has raised its series A round from Chiratae Ventures, YourNest Venture Capital and others. </li><li> Miko now has global expansion plans and will enter the North America, UK and Middle East markets before the holiday season.</li><li>Miko is found even in a Hamleys store and has 120 employees in the US and India.</li></ul>Robotics startup Emotix whose learning robot Miko is a runaway hit,, has raised $7.5 million in a series A round. This funding is led by Chiratae Ventures, YourNest Venture Capital, investor Bruno Raschle’s family office and others. With this investment, Miko now has global expansion plans and will enter the North America, UK and Middle East markets before the start of this holiday season. “Our company has grown by leaps and bounds over the past five years. We’re excited to bring our AI-driven playful learning robots to international markets as a way to meet the needs of today's parents who seek a positive and trusted gateway of technology which also caters to learning and developmental needs,” said Sneh Vaswani, Co-Founder and CEO of Miko. Working as a personal robot for children for education as well as entertainment, Miko was founded by three IIT Bombay graduates Sneh Vaswani, Prashant Iyengar and Chintan Raikar in 2015. The startup had launched Miko in 2016 and had then launched Miko 2 in 2018. With parental controls and a camera, Miko also comes powered with ‘emotional intelligence’. Today, Miko is found at a Hamleys store and has 120 employees in the US and India.

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Hyderabad-based edtech startup Practically bags a $4 million cheque from Siana Capital

IANS

Rich people from around the world have invested more than Rs 1,200 cr in Indian startups

BI India Bureau

SIDBI clears Rs 930 crore to support VC funds

BI India Bureau

Indian startup behind the ‘playful learning robot’ Miko, raises $7.5 million

Sanchita Dash

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