Oneistox, an Indian edtech startup, has raised $1.2 million in seed funding co-led by Y Combinator, Powerhouse Ventures, and Soma Capital, along with other investors.
The startup aims to upskill professionals in the architecture, engineering, and construction (AEC) industry by providing them with online courses and certifications. With this funding, Oneistox has been able to achieve 30% month-on-month growth in the last 12 months while doubling down on its efforts to expand its course offerings and reach more learners. The AEC industry is one of the largest and fastest-growing sectors in India, with a projected market size of $1 trillion by 2030.
However, the industry is facing a significant skills gap, with a shortage of skilled professionals in areas such as design, project management, and construction technology. Oneistox aims to bridge this gap by providing high-quality, affordable, and accessible online courses that are tailored to the needs of the AEC industry.
About Oneistox’s Funding
Oneistox was founded in 2019 by a team of experienced professionals from the AEC industry, who recognized the need for upskilling in the sector. The startup offers a range of courses in areas such as building information modeling (BIM), project management, and sustainability, among others. The courses are designed to be flexible and self-paced, allowing learners to study at their own pace and on their own schedule.Oneistox’s platform also features a range of interactive tools and resources, such as virtual reality simulations and 3D modeling software, to help learners gain practical experience and apply their skills in real-world scenarios. The startup’s courses are also designed to be highly engaging and interactive, with a focus on hands-on learning and problem-solving.Oneistox’s seed funding round was led by Y Combinator, one of the world’s leading startup accelerators, which has previously backed companies such as Airbnb, Dropbox, and Stripe. The funding will be used to expand Oneistox’s course offerings, hire more instructors and staff, and invest in marketing and outreach efforts to reach more learners in the AEC industry.In a statement,
Founder Statement
Oneistox’s co-founder and CEO, Harkunwar Singh, said, “We are thrilled to have the support of Y Combinator, Powerhouse Ventures, and Soma Capital, along with other investors, as we work to upskill professionals in the AEC industry. With this funding, we will be able to expand our course offerings and reach more learners, helping to bridge the skills gap in this critical sector.”Overall, Oneistox’s seed funding round is a significant milestone for the startup and the AEC industry in India.
With its innovative approach to upskilling and its focus on practical, hands-on learning, Oneistox is well-positioned to help address the skills gap in the sector and support the growth of the industry in the years to come.
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