- Name of the Company: Aviotron Aerospace
- Industry: Edtech
- Funding Amount: INR 4.96 Cr ($600K)
- Funding Date: Not specified
- Dilution Percentage: Not specified
- Date of Inception: 2019
- Details About the Founder: Founded by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal
Funding Announcement: Aviotron Aerospace, a Noida-based edtech startup, has successfully raised 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.
Utilization of Funds: The freshly raised capital will enable Aviotron Aerospace to expand its footprint across India, aiming to reach schools in 28 states by the end of 2024.
About Aviotron Aerospace: Founded in 2019 by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal, Aviotron Aerospace is a B2B edtech startup that offers experiential learning to students in partnership with schools. The startup aims to empower youth with 21st-century skills through STEAM-based experiential learning solutions, covering technologies like Aerospace, Space-Ed, and Design Thinking.
Expansion Plans: Aviotron Aerospace has tied up with 65 schools in 15 states and currently caters to around 20,000 students. With plans to expand to schools in 28 states by the end of 2024, the startup is focused on providing much-needed skills such as creativity, innovation, problem-solving, and focus to K-12 students.
Financial Performance: In 2023, Aviotron Aerospace 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. The startup charges schools 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.
Investment History: In 2022, Aviotron Aerospace raised INR 2 Cr in seed funding from undisclosed angel investors at a valuation of INR 12 Cr.
Future Plans: With aggressive growth plans, Aviotron Aerospace aims to deploy its offerings in more than 100 schools, signing contracts with a minimum tenure of five years.
The funding from Enrission India Capital comes as a significant boost for Aviotron Aerospace, enabling the startup to further its mission of providing innovative and engaging learning experiences to K-12 students across India.