04 September 2019, India:
EdTech VFX start-up 3rdFlix has raised $5 million in pre-series A round of funding. The funding round was led by ed by Exfinity Ventures and joined by YourNest, IDFC Parampara and HNIs.
The startup will use the fresh capital to increase its current market penetration from 1.5+ lakhs in 6-12th segment and launch immersive & experiential content later this year. The startup has aspirations to launch in international markets in the next 18 months, particularly USA, Africa, UAE, and South East Asia (SEA).
Devendra Agrawal and Manish Gupta from Dexter Capital advised and worked closely with the founders for this transaction.
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.”
Shailesh Ghorpade, added, “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.”
Subbarao Siddabattula, Founder & CEO of 3rdFlix, said, “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.”
Sunil Goyal, MD – YourNest Venture Capital, said, “Education is one sector that has a positive, cascading effect down the line and 3rdFlix is at the forefront by developing technologies to make the delivery of learning highly effective. The joy of learning using their tools will inculcate a student in us, once again, and we are delighted to be a part of this journey that promises to set new benchmarks, globally.”
Sridhar Rampalli, General Partner – Parampara Capital, said, “We believe that 3rdFlix’s high quality digital content coupled with its adaptive learning platform will assist in enhancing the students’ learning experience and will enable seamless collaboration between Schools and Students.”
3rdFlix was founded by Subbarao Siddabattula, Ilangovel Thulasimani and Charu Noheria in 2014. The company uses VFX and technologies such as ML/AI, AR, VR, and MR to create life-like intelligent shared experiences for enhanced learning.
(Image – 3rdFlix)