YC-Backed Ed-Tech Startup Oneistox rebrands itself as Novatr; Projects 12X Revenue Growth in FY24

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Novatr
YC-Backed Ed-Tech Startup Oneistox rebrands itself as Novatr; Projects 12X Revenue Growth in FY24

Delhi, 2nd May 2023: Oneistox, a homegrown ed-tech startup transforming the AEC (Architecture, Engineering, and Construction) industry, has rebranded itself as Novatr. The strategic move is in line with their vision to fill the innovation gap in AEC by honing the power of human potential and building tech-first skills. The hyper-growing ed-tech platform founded in 2021 by Harkunwar Singh along with his co-founders Vipanchi Handa, Mehul Kumar, and Chaithanya Murali has been clocking a tremendous 30% m-o-m growth over the past 12 months and has turned profitable starting FY2023.

With the ultimate aim of accelerating the adoption of technology in the AEC industry at large, Novatr aims to be the bridge between the dreams of AEC’s future and the skills imperative for its realization. In 2021, Oneistox was founded to propel the AEC industry further towards tech-first skills and ensure better opportunities. “Oneistox” or “1:x”, signified exponential growth, but as the brand grew bigger, the macro vision evolved into something much bigger than what it was. Now, the brand has evolved to realize its true ethos as “Innovators” and thus renamed itself to Novatr”. The platform’s main objective is to design tech-first curriculums and cultivate a community of ambitious individuals who are ready to tap into a whole new world of possibilities.

“We are at the helm of witnessing a transformative phase of the AEC industry, and with our pivot to Novatr, we aim to change this landscape. As we navigate through this transformation, it has become clear that simply revamping the education and training of AEC professionals is not enough. The real challenge lies in transforming the industry itself from the inside out. This rebranding is a stepping stone in our mission to fill the innovation gap in the AEC industry and realise ourselves as what we truly are, Innovators” said Harkunwar Singh, Co-founder, Novatr

In their journey of empowering learners to become future-ready professionals, Oneistox clocked a net revenue growth of 30% MoM in FY2023. The key focuses for the startup during this period have been to improve its platform infrastructure, develop more new-age courses for learners, and expand its team. Currently, Novatr is clocking an ARR of $6 mn. Keeping up with their previous trajectory, the company is projecting a 12X revenue growth in FY2024. The platform offers a range of courses and programs, including Building Information Modeling (BIM) and Computational Design, to help learners build critical skills and stay ahead of the curve. The brand recently announced that they’ve raised $1.2 million in seed funding from Y Combinator, Powerhouse Ventures, Soma Capital, and notable angels like Amit Ranjan, Co-Founder, Slideshare.