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STEM Education Focussed Edtech Company OMOTEC raises USD 130K in Pre-Series A round from ah! Ventures Angel Platform |
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| STEM education based, Research & Innovation School of India OMOTEC (On My Own Technology) has raised USD 130K from investors led by ah! Ventures. ah! Ventures’ has done total 113 investments (in 86 Startups) till date taking its total investment portfolio to INR 260 CR (~34 MN USD) with 13 exits and 23 follow on rounds. 13 investments have happened through all three platforms in 2022 till date. |
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| OMOTEC is a STEM based Tech School having a hybrid model of education and it offers interdisciplinary technology enabling skills to create Mechanical structures, work with electronic circuits and automate with coding & analytics to be future ready. OMOTEC provides the courses to students with ages ranging from 6 to 18+ years. The course content is mapped to ICSE, CBSE and IGCSE Boards. |
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| OMOTEC’s proven success and credibility lies in the fact that it has already received 24 International Awards, 32 National acclaims, has 24 published research papers with 1 patent granted and 3 more in pipeline waiting for approval. The Tech School has already trained 74,500+ students. The Courses are provided via three modes: School, Online curriculum and through OMOTEC’s own Research Labs. Founded by Shekhar Jain, Reetu Jain and Parag Bhargava, Shekhar is an ex- JP Morgan India MD and has previously worked with ICICI Bank and National Stock Exchange of India Ltd. Reetu is an ex- Research Consultant with XPRESS and has previously worked with HSBC, and Faber-Castell. Parag serves as an advisor to the company and is currently working as a Professor of Metallurgical Engineering and Metals and is an alumni of IIT Mumbai and is also a doctorate from University of Alabama. |
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| According to Shekhar, “International Curriculum Market specially that associated with STEM Education is growing at a CAGR of 40%. The curriculum is getting more real and application oriented. With the implementation of NEP 2020 (The National Educational Policy) EXPERIENTIAL Learning is becoming an integrated part of the normal Education Segment. DIY Boxes, Reading Kits, Science experiments are gaining huge traction. Experiential Learning Space for complete Tech Oriented projects for K12 is completely mapped to academics.” |
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| With Investments coming in various platforms that offer Experiential Learning such as BYJU’s, CampK12, SP Robotic works, etc. the Market for Experiential Learning is set to grow. With subjects focussed on Technical Design, Mechanical Construction, Electronics, Coding and Analytics OMOTECH has a tech content of 1200+ hours in its’ reservoir. |
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| STEM Education focussed OMOTEC has already achieved a total turnover of more than USD 1.10 mn over its’ 5 year growth journey. It is also poised towards a turnover of USD 0.5 Mn in the coming fiscal year. With Schools accepting Experiential Learning and STEM Education, OMOTEC is seeing a lot more adoption from their end. Practical, real and experiments based learning is the new trend in education and with its’ Hybrid model of delivery OMOTEC is already tasting the success with more and more students and schools adopting the system. The Company also plans to achieve the break even stage in the next couple of years. |
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| The no. of STEM jobs is growing at a very fast pace. It is predicted by National Science Foundation that 80% of the jobs created in the next decade will require some form of Math or Science skill. “A well designed STEM (Science, Technology, Engineering and Mathematics) curriculum along with the growth of application based learning and innovation among the schools, students, colleges and teachers is rapidly gaining pace and is poised to grow with the demand in such skill based jobs” says Sunny Garg, Venture Partner with ah! Ventures and a Partner with Samvedanam Consulting & Learning Solutions Pvt. Ltd. which is a boutique growth and advisory Services Company. |
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| Interested in knowing more about this venture, write to Abhijeet at abhijeet@ahventures.in.
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto 1 CR, Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 5000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 260 CR (~34 MN USD) in 86 startups & 113 investments and have announced 13 exits & 23 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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