Bengaluru-based edtech startup ODA Class has secured $500,000 in its Series B funding round from Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited, and Matrix Partners China. This latest funding brings the total capital raised by ODA Class to $12.75 million.
Since its inception in 2019, ODA Class has garnered significant investment, including an undisclosed amount in a pre-Series A round from Yuanfudao in 2020, $9 million in 2021, $3 million in 2022, and an additional $250,000 in 2023.
The newly raised funds will be directed towards enhancing digital marketing efforts to boost brand visibility and expand reach. ODA Class offers live online courses for students from grades 1 to 10, leveraging AI technologies and innovative marketing strategies to provide affordable, high-quality education. The startup employs educators from prestigious institutions such as IITs and NITs, and has served over 25,000 long-term students. ODA Class aims to enroll 100,000 students in 2024 while continuously improving its learning platform.
ODA Class has reported significant revenue growth, with earnings rising from ₹26.90 crore in FY22 to ₹63.76 crore in FY23 and further to ₹65.81 crore in FY24. The company has also optimized its expenses, reducing costs from ₹79.20 crore in FY22 to ₹107.81 crore in FY23, and further to ₹85.20 crore in FY24.
This funding will enable ODA Class to continue its mission of making quality education accessible and affordable, while scaling its platform to meet growing demand in the Indian edtech sector.