Novatr, formerly known as Oneistox, forecasts 12x revenue growth in FY24 after rebranding
- ByStartupStory | May 2, 2023
Novatr, formerly known as Oneistox, has undergone a strategic rebranding to align with its goal of promoting the use of technology in the Architecture, Engineering, and Construction (AEC) sector by developing technology-oriented expertise.
According to an official release, Novatr, an ed-tech startup formerly known as Oneistox, has set its sights on bridging the innovation gap in the Architecture, Engineering, and Construction (AEC) industry through the development of tech-first skills and the optimization of human potential. The platform, which was established in 2021 by Harkunwar Singh, Vipanchi Handa, Mehul Kumar, and Chaithanya Murali, reported a 30% month-on-month growth in the past year and has reportedly become profitable as of FY2023.
Novatr’s main goal is to create tech-first curriculums and build a community of ambitious individuals who can harness the power of technology to unlock new possibilities in the Architecture, Engineering, and Construction (AEC) industry. Co-founder Harkunwar Singh said that the company’s rebranding marks a milestone in their mission to bridge the innovation gap in AEC and establish themselves as innovators.
Novatr, formerly known as Oneistox, is projected to achieve a revenue growth of 12X in FY2024 as it is close to clocking an ARR of $6 million. The ed-tech platform aims to fill the innovation gap in the Architecture, Engineering, and Construction (AEC) industry and has rebranded itself to accelerate the adoption of tech and cultivate a community of ambitious individuals.
Novatr offers Building Information Modeling (BIM) and Computational Design courses and programmes to help learners build critical skills. The company has raised $1.2 million in seed funding from Y Combinator, Powerhouse Ventures, Soma Capital, and notable angels like Amit Ranjan, Co-Founder of Slideshare.
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