By Muskaan Khandelwal
New Delhi, September 2020: OckyPocky, an EdTech Start-up, gets funded by Mr. Ankit Kumar. India’s first interactive English learning app for preschool kids “OckyPocky,” has recently received investment from Mr. Ankit Kumar through Lead Angels Network. An ex-YouTube India head founds this innovative EdTech startup, and it has carved its niche already. OckyPocky endeavors to change the way over 160 million preschool kids learn, starting at age 2. Language is a crucial skill that kids start learning, but many of them in Tier II and Tier III towns lack access, primarily early-stage English language learning solutions. Existing internet content is often unsafe for them. OckyPocky, as a platform, aims to help prevent this by providing a safe and interactive alternative! The focus on correct personalization with the mother tongue is their crucial strength. Hindi and Marathi users love it every day.
Commenting on the recent investment in OckyPocky, Mr. Ankit Kumar, Managing Partner, Alternative Global, said to Prittle Prattle News by sharing a press release, “We have recently finalized the investment process with OckyPocky. OckyPocky is an exciting app. It provides English language learning, powered by speech recognition technology. The app, developed and designed for India with a focus on vernacular languages, personalizes kids’ learning experience by using natural language processing and artificial intelligence.
We were keen on investing in this space as EdTech has a bright future and is the current market trend. It is anticipated to reach $1.96 billion by 2021; India has an existing user base of around 9.6 million. Going by the movement and expecting the sector’s growth, we felt the time is just apt to invest in this niche.”
On receiving the recent funding, Mr. Amit Agrawal, Founder, OckyPocky,
Research indicates Preschool kids in the age of 2 to 6 constitute the 3rd largest gadget user demographic. Their minds are very fertile, and OckyPocky is leveraging technology to facilitate exponent growth during the critical foundation years. The platform uses speech recognition tech, helping people learn English. It uses everyday spoken languages to teach kids. The app leverages the application of NLP and Artificial Intelligence (AI).
The firm has already penetrated well and claims to have got decent traction on the platform, which sums up over 50 million words. The firm will use the fresh capital to further enhance the product through new technologies and boost its operations.
About Ankit Kumar:
Ankit Kumar is a Technology Investor & the Managing Partner at Alternative Global, a management consulting firm with offices in India, UK, the USA, and Israel. He built Alternative Global to be the largest drone & EV consulting firm in India. Ankit is a seasoned consulting professional with deep expertise in international corporate strategy, joint ventures, Mergers & Acquisitions for various industry verticals. He has been investing primarily in the EV and Drone space over the years. He is also a technology enthusiast with multiple entrepreneurial ventures.
In the past, he has helped over 50 MNC’s grow in the domestic market and expand into emerging markets such as India & SE Asia. His skill sets include a combination of business advisory, strategy consulting, project implementation, and M&A’s ensuring successful operations in emerging & developed economies.
About Lead Angels:
Lead Angels, founded by a team originally from IIT Bombay, provides end-to-end financial services to promising Indian startups through its angel investing network- for seed funding- Lead Angels Network, advisory services for Pre Series A & series A funding- Lead Advisory, compliance, and strategy related services- LA Management & Professional Services-LAMPS and Entrepreneurship Education- Lead Angels Academy.
Lead Angels Network is the only angel network in India supported by independent advisory & research, compliance & strategy teams that enable better investment decisions. Lead Angels Academy outreach through its startup education programs attract promising new ideas to the group. The success of its investee companies such as Uno Finance, SmartCoin, Shopkirana, Goddess, SuprDaily, MarketPulse, and Consumerex, among others, validate the advantages of this full-stack approach to startup investing in India.
