The StartupLab : Compliance | Tech | Funding

Edtech Startup Aviotron Aerospace Secures $600K in Funding, Plans Expansion Across India

Aviotron Aerospace, a Noida-based edtech startup, has made headlines by raising INR 4.96 Cr ($600K) as part of its Pre-Series A round from venture capital firm Enrission India Capital. The funding round values the startup at a post-money valuation of INR 70 Cr.

As per the startup, the freshly raised capital will enable it to expand its footprint across India.

Founded by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal in 2019, Aviotron Aerospace is a B2B edtech startup that offers experiential learning to students in partnership with schools. The founding team holds a cumulative experience of more than 15 years in the fields of Aerospace, Mechanical technologies, and K-12 education. 

As per the startup, it has tied up with 65 schools in 15 states and currently caters to around 20,000 students, with aims to expand to schools across 28 states by the end of 2024.

The B2B edtech startup aims to empower youth with much-needed 21st-century skills such as creativity, innovation, problem-solving, and focus. Aviotron Aerospace is dedicated to providing STEAM-based experiential learning solutions for K-12 students, covering trending technologies like Aerospace, Space-Ed, Design Thinking, and beyond.

Aviotron Aerospace Funding

Since its inception, the startup’s flagship product, AeroBay, initially launched in Jaipur, Rajasthan, has rapidly gained traction. Currently, AeroBay is used by key educational hubs such as Noida, Jaipur, and now Nagpur.

The startup charges schools a sum of INR 8,500 per student per annum for its tailored program, earning an average revenue of INR 25 Lakhs to INR 30 Lakhs from each school.

In 2023, the startup generated a profit of INR 50 Lakh from a revenue of INR 5 Cr, setting its sights on achieving a revenue of INR 45 Cr in 2024. With aggressive growth plans, the Noida-based edtech startup claims to have signed contracts. These contracts generally have a minimum tenure of five years, with more than 100 schools to deploy its offerings.

On the fundraising side, Aviotron Aerospace, in 2022, raised INR 2 Cr in seed funding from undisclosed angel investors at a valuation of INR 12 Cr.

Follow us and connect with us on Instagram, FacebookTwitter, and LinkedIn.

Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Companyregister a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt fundingCFO Services, or other startup related legal servicescontact us.

Exit mobile version