Exclusive: Ed-tech startup Nactus raises angel funding
Jaipur-based ed-tech startup Nactus India Services Pvt Ltd has raised an undisclosed amount from a group of angel investors, said Rohit Dusad, co-founder and CEO, Nactus.
The round saw investments by Sandeep Aggarwal, managing director, Nomura; Gautam Chhaochharia, head of India, research, UBS; and R Balachandar, joint general manager, ICICI Bank, among others.
Dusad, a chartered accountant with 16 years of experience in the investment banking space, had founded Nactus along with his wife Pooja Khandelwal in 2015.
According to him, the company will use the funds to strengthen its product platform and business development, and expand its services to more cities. Currently, it has 28,000 registered students from across Jaipur, Delhi, Mumbai, Patna and Bangalore, and has tied up with about 700 institutions.
Nactus offers several tools including class management, communication, performance management, and is available on both Android and iOS platforms, as well as on the web. "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," Dusad added.
Before starting Nactus, Dusad worked with Citibank India as director, global markets. He also served in various capacities in JP Morgan, Lehman Brothers, Deutsche Bank and ICICI Bank. Pooja is an interior designer with 18 years of professional experience.