AEC ed-tech Startup OneistoX secures $1.2 million in seed funding from Y-Combinator, Powerhouse Ventures, Soma Capital and notable angels

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OneistoX
AEC ed-tech Startup OneistoX secures $1.2 million in seed funding from Y-Combinator, Powerhouse Ventures, Soma Capital and notable angels

Delhi, 12th April 2023: Oneistox, a homegrown ed-tech startup transforming the AEC (Architecture, Engineering, and Construction) industry, announced that it had raised $1.2 million in seed funding from  Y Combinator, Powerhouse Ventures and Soma Capital with participation from notable angels like Amit Ranjan, co-founder of Slideshare, Deepak Menon, VP-Microsoft among others. With the vision to disrupt the AEC industry and enable better opportunities for AEC professionals, Harkunwar Singh along with his co-founders Vipanchi Handa, Mehul Kumar, and Chaithanya Murali launched the ed-tech platform, Oneistox, in 2021. The platform offers a range of courses and upskilling programs tailor-made for AEC professionals to help them build industry-relevant new-age skills and stay ahead of the curve. 

The AEC industry makes up 12% of the world’s GDP. Yet it is the second least digitised industry in the world after agriculture. Due to the lack of technological development, the AEC space worldwide looks exactly as it did 20 years ago. Oneistox came into existence to enable working professionals with tech-first skills and maximise their potential. The startup aims to bridge the gap between traditional AEC education and the fast-evolving technological landscape, empowering learners to become future-ready professionals. With their seed funding round, the startup has been able to achieve 30% month-on-month growth in the last 12 months whilst doubling down on its platform infrastructure, developing more new-age courses for learners, and expanding its team.

Harkunwar Singh, Co-founder, Oneistox said, “The AEC industry is ripe for disruption, and Oneistox aims at leading the charge with cutting-edge upskilling courses. We are thrilled to have amassed the support of such an eminent investors panel over the last year. Our goal is to ensure that the next generation of AEC talent is armoured with future-ready skills to meet the ever-evolving demands of this industry.”

Gustaf Alstromer, Group Partner at YCombinator quoted, “The AEC industry needs what Oneistox is building. I’m proud to be an investor in the company and look forward to the disruptions they bring in the industry.” 

“Over the past year, Oneistox has achieved remarkable milestones, with exponential growth and scale.  The biggest contributor to the company’s success has been their unmatched understanding of the AEC industry and their strategic positioning as an ed-tech who challenges the status quo. We believe they are the game-changers the industry was looking for.” said Kshitij Golwalkar, General Partner, Powerhouse Ventures

The idea of Oneistox came to life when the founding team put together model-making workshops across the country. As they started visiting multiple venues and meeting architecture grads across the country, they felt that there was a gap in the architectural education that most institutions offered. As 50 student workshops grew to 50+ workshops with 1000+ learners, Harkunwar and his co-founders understood that the problem of upskilling AEC professionals was a real-life business problem that the industry was yearning for.

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