Edtech Firm ODA Class Secures $500K from Singapore, China Investors

30 Aug, 2024

Edtech Firm ODA Class Secures $500K from Singapore, China Investors

Edtech firm ODA Lesson has effectively raised $500,000 in its most recent Arrangement B financing circular. This venture came from conspicuous Singapore and China-based speculators, counting Skywalker Instruction Innovation Co. Ltd., Daituzi Instruction Innovation Enterprise Constrained, and Framework Accomplices China.

With this modern financing, ODA Lesson has presently secured a add up to of $12.75 million from different speculators. The company plans to utilize the new capital to improve its innovative capabilities, centering on coordination manufactured insights and progressing advanced showcasing efforts.

In terms of monetary execution, ODA Lesson detailed a critical increment in income, coming to Rs 65.81 crore for FY 2023-24, compared to Rs 26.9 crore in FY 2021-22. In spite of this development, the company has seen its consumptions rise, with costs detailed at Rs 79.20 crore in FY 2021-22, Rs 107.81 crore in FY 2022-23, and Rs 85.20 crore in FY 2023-24.