ODA Class, a Bangalore based digital education platform with the most advanced technology and dual teacher system, has raised an undisclosed amount of funding in their Pre-Series A round. The investment is led by Yuanfudao, a China education giant which is also the largest online live course platform servicing primary and secondary school students in China. Yuanfudao has around 400 million user base in China. ODA Class has also achieved rapid growth since its launch in November 2019 and clocked a significant milestone of having more than 1 million users in just 50 days from its launch date.
ODA Class is a platform to enhance the credibility of resource material for students by facilitating access to information that can really be relied upon. It works on a dual teacher system, an innovative approach of delivering lectures by a master teacher with chat-based interaction along with 24×7 personal assistance by Tutor teacher. Its AI-fueled adaptive learning module during live lectures accelerates the data-driven learning process. Moreover, these LIVE audio-video connections between the master teachers and students are available at very low internet bandwidths. Owing to these qualities, the ODA Class app was also rated as the 3rd best educational app in the top-grossing category by Google Play in Dec 2019.
The company plans to utilize the funds for technology up-gradation and expanding its product offerings. It will also be used for the development of the infrastructure and enhancing the teacher recruitment system.
Talking about the funding, Shushant Srivastav, Co-Founder, ODA Class said, “We believe that providing the best product with the most advanced technology, combined with the best educators will benefit students across India and this will mark our achievement. We are happy to be backed by a partner like Yuanfudao, one of the most successful online education platforms in China, who has not only brought capital but business acumen and market expertise to the table. We think with their support we’ll be able to capture a considerable amount of market share by the end of 2020”
“We are happy to back a team that is hellbent on disrupting the education system of the country through technology. The team showed proof of success by acquiring 1Mn+ subscribers in just 50 days. As an educational platform ourselves we understand how big a feat this is. As a company, we are always committed towards the growth and development of the education system and we saw the same spirit mirrored in ODA Class.”, Commented Li Yong, Founder, Yuanfudao.
By now the company has already achieved the milestone of getting 1 million users in a short span of 50 days since its inception and are heading to achieve 10 million users by being a vector of change in the Indian education system by the end of the year.