Noida-based edtech startup Aviotron Aerospace raises Rs 4.96Cr in a pre-Series A round

Aviotron Aerospace, a Noida-based edtech startup, has raised Rs 4.96 crore (or approx $600K) in a Pre-Series A funding round from Enrission India Capital, a venture capital firm backed by SoftBank. 

The funding round takes the company's post-money valuation to Rs 70 crore. Aviotron Aerospace, which began its journey in 2019, was founded by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal to revolutionise how students learn about aerospace and mechanical technologies.

Focusing on experiential learning

Focusing on experiential learning, Aviotron Aerospace aims to equip students with crucial 21st-century skills such as creativity, innovation, problem-solving, and more. The startup partners with schools to offer STEAM-based learning solutions, covering areas like Aerospace, Space-Ed, and Design Thinking.

Aviotron claims that its flagship product 'AeroBay' has made significant inroads in educational hubs like Noida, Jaipur, and Nagpur.

Broadening reach across the country

With the recent funding, Aviotron plans to broaden its reach across India, targeting schools in all 28 states by the end of the year. So far, the startup has partnered with 65 schools in 15 states, impacting around 20,000 students.

The startup's business model involves customizing its program for schools for Rs 8,500 per student annually, with an average income of Rs 25 lakh to Rs 30 lakh from each school. In 2023, Aviotron Aerospace achieved a profit of Rs 50 lakh from a revenue of Rs 5 crore. It now aims to reach a revenue milestone of Rs 45 crore in 2024.

The current edtech landscape 

The funding comes when the Indian edtech sector is navigating through turbulent waters. The pandemic initially sparked a surge in investments, but as educational institutions reopened, interest began to wane. The industry has faced significant challenges, including cash depletion, governance issues, and a high rate of job cuts, leading to a steep decline in investor confidence.