EdTech Startup Nactus bags Funding from Angel Investors

By Shariq Hussain

Posted on March 6, 2017

Source – VC Circle

Ed-tech startup, Nactus has raised an undisclosed amount of angel funding from a bunch of angel investors. The round was led by Sandeep Aggarwal, Managing director, Nomura; Gautam Chhaochharia, Head of India Research, UBS; and R Balachandar, Joint General Manager, ICICI Bank and others.

The Jaipur-based educational technology startup was founded in 2015 by Rohit Dusad along with his wife Pooja Khandelwal. Nactus is an unique platform for all who teach and all who learn. The Startup is an internet-based smartphone application, which focuses on improving overall learning experience by facilitating discovery of the tutors nearby. They provide technological tools that make learning more organized and efficient, that benefits both tutors and students.

Rohit Dusad is a Charted Accountant with 16 years of experience in Investment Banking and has worked with Citibank, India as Director for global markets. He also worked with different sectors like JP Morgan, Lehman Brothers, Deutsche Bank and ICICI Bank. On the other hand, Pooja Khandelwal is an interior designer with 18 years of professional experience.

Currently Nactus has 28,000 registered students from across Jaipur, Delhi, Mumbai, Patna and Bangalore and has tied up with about 700 institutions. They offer to coach on class management, communication, performance management. Nactus is available on both Android and iOS platforms and on the web as well.

Rohit Dusad, founder of Nactus said, “We focus on connecting students and tutors, and giving them the entire technology platform for efficient learning management. The platform virtually gives tutors total control over the management of a class on their mobiles or PCs.”

Other startups from the same category which raised funding are Bangalore-based Ed-Tech startup Byjus; Mumbai-based NeoStensil raises $1Million from Times Group; Bangalore-based Curiosity raised $800K from Menterra Ventures. Read more Ed-startup funding news.

 

EdTech Startup Nactus bags Funding from Angel Investors