Novatr Company Profile

Background

Overview

Novatr, formerly known as Oneistox, is an ed-tech startup founded in 2021, specializing in online cohort-based courses tailored for professionals in the Architecture, Engineering, and Construction (AEC) industry. The company aims to bridge the gap between traditional education and the evolving technological demands of the AEC sector by offering project-based learning experiences. These courses are delivered by experts from leading global firms such as Autodesk, BIG, Google, UNStudio, and AECOM. Novatr serves learners across more than 45 countries, including India, MENA, the USA, Europe, and Southeast Asia.

Mission and Vision

Novatr's mission is to accelerate the adoption of technology within the AEC industry by providing professionals with the necessary skills to thrive in a rapidly evolving landscape. The company envisions upskilling one million AEC professionals by 2026, thereby transforming the industry's approach to technology and innovation.

Key Strategic Focus

Core Objectives

• Upskilling AEC Professionals: Equip architects, engineers, and designers with tech-first skills to enhance their career prospects.

• Bridging Education and Industry: Address the disconnect between traditional education and industry requirements by offering practical, project-based learning.

• Global Reach: Expand the platform's presence to serve a diverse, international learner base.

Areas of Specialization

• Building Information Modeling (BIM): Comprehensive courses for both architects and civil engineers.

• Computational Design: Programs focusing on parametric and algorithmic design methodologies.

Key Technologies Utilized

• Project-Based Learning Platforms: Facilitate hands-on experience through live projects.

• Cohort-Based Learning Models: Encourage peer-to-peer interaction and collaboration.

Primary Markets Targeted

• Geographical: India, MENA, USA, Europe, Southeast Asia.

• Professional Segments: Early-career and mid-level AEC professionals seeking to upskill or specialize.

Financials and Funding

Funding History

• Seed Funding: In December 2021, Novatr secured $1.2 million in seed funding from investors including Y Combinator, Powerhouse Ventures, Soma Capital, and notable angels like Amit Ranjan, Co-founder of Slideshare.

Utilization of Capital

• Platform Development: Enhancing the learning management system and user experience.

• Course Expansion: Developing new programs to address emerging industry needs.

• Team Growth: Expanding the team to support scaling operations and learner engagement.

Technological Platform and Innovation

Proprietary Technologies

• Learning Management System (LMS): A custom-built platform designed to streamline course delivery, track learner progress, and facilitate mentor interactions.

Significant Scientific Methods

• Project-Based Learning: Emphasizes real-world application of skills through live projects, enhancing practical understanding.

• Cohort-Based Model: Promotes peer-to-peer learning and collaboration, increasing engagement and completion rates.

Leadership Team

Executive Profiles

• Harkunwar Singh: Co-Founder and Chief Executive Officer. An alumnus of the School of Planning & Architecture (SPA), Harkunwar has a background in architectural education and a passion for integrating technology into the AEC industry.

• Vipanchi Handa: Co-Founder and Chief Product Officer. Brings expertise in product development and innovation, focusing on creating tech-first curriculums.

• Mehul Kumar: Co-Founder and Chief Technology Officer. Leads the technological development of Novatr's platforms, ensuring scalability and user engagement.

• Chaithanya Murali: Co-Founder and Chief Revenue Officer. Oversees revenue generation strategies and market expansion initiatives.

Competitor Profile

Market Insights and Dynamics

• Market Size and Growth Potential: The global AEC industry is experiencing rapid digital transformation, increasing the demand for tech-savvy professionals.

• Industry Trends: Emphasis on sustainable design, smart construction technologies, and the integration of AI and machine learning in design processes.

Competitor Analysis

• ArchAdemia: Offers online architecture courses focusing on design, software, and real-world scenarios.

• Kaarwan: Provides upskilling programs for architects, interior designers, and graphic designers, emphasizing result-oriented learning.

• Parametric Architecture: Focuses on the transformative impact of AI and technology in architecture and design.

• Archisoup: Offers resources and tips for architectural education and career advancement.

• Illustrarch: A community designed for lovers of architectural illustration and drawing.

Strategic Collaborations and Partnerships

• National Skill Development Corporation (NSDC): Partnership aimed at enhancing the skill set of AEC professionals in line with national development goals.

• Autodesk: Collaboration to provide learners with access to industry-standard tools and software, ensuring practical relevance.

Operational Insights

Competitive Advantages

• Industry-Relevant Curriculum: Courses designed in collaboration with practicing professionals from leading global firms.

• High Completion Rates: Cohort-based, project-driven learning models result in an 84% course completion rate.

• Global Mentor Network: Access to over 100 global mentors and 300 industry guides from 30+ countries.

Strategic Opportunities and Future Directions

• Course Diversification: Developing programs in emerging areas such as robotic construction and AI integration in design.

• Geographical Expansion: Strengthening presence in underserved markets to tap into a broader learner base.

• Technological Enhancements: Investing in AI-driven analytics to personalize learning experiences and improve outcomes.

Contact Information

• Website: www.novatr.com

• LinkedIn: Novatr on LinkedIn

• Instagram: Novatr on Instagram

• Facebook: Novatr on Facebook

• Twitter: Novatr on Twitter