The edtech startup ENGG Online raised $3.5 million in a pre-series A round led by ace angel investors including Madhu Kela, PS Jayakumar, and Aamara Capital’s Kishor Shah. This Mumbai-based startup is planning to use the funds to expand its operators, improve hirings, strengthen infrastructure, and balance content development and delivery.
The investors include Kirti Doshi (Founder member, Antique Group), Sanjay Dangi (Authum Investments), Anurag Jain (Family office of Tarun Jain), Kishore Shah (CEO, Aamara Capital), P S Jayakumar (ex-MD and CEO, Bank of Baroda), Prem Rajani (Managing Partner, Rajani Associates), Akshay Gupta and N Jayakumar (Management Team, Prime Securities).
About the company:
Keeping the stronger backbone of 2021, Indian startups raised $4.7 Billion across 165 deals last year.
ENGG Online provides a marque partnership with various companies named, including construction giant L&T, engineering firm Afcons, agritech company UPL, NIT Surathkal, among others. As per the plans and strategy of the startup, it claims to have the “first mover” advantage along with a target of about 3,000-degree colleges, 3,050 diploma colleges, and around 14,000 ITI colleges in the country.
In real-time the startup is competing with the higher domain naming- Creative Labs, PlayShifu. ENGG Online is an incubate of Society for Innovation and Entrepreneurship (SINE) and IIT-Bombay. ENGG Online is a SaaS-based platform for tutors/ trainers that serves with a unique pedagogy of experienced learning using Augmented Reality (AR) and Virtual Reality (VR).
Expressing, Prime securities’ vice president of early financing, Rachit Goel, said, “ENGG Online is a learning platform which utilizes state-of-the-art technologies to deliver an exclusive and interactive learning environment…We are confident that FEAST will use its first-mover advantage to scale up and encash the huge potential canvas.”
Naishadh Paleja, strategy, execution and marketing of ENGG Online, said, “This funding will be used to complete the development of top skills, for the first year engineering courses at degree and diploma colleges and to develop safety modules for the industry”.
“In completion of developmental top skills (welding, auto-mechanic, electrician, fitter, mason etc), engineering courses at degree and diploma colleges and to improvise safety modules for industry,” said Naishadh Paleja, Founder and CEO, ENGG Online.