Ch Vaishnav

Aviotron Aerospace Pvt. Ltd. (AeroBay)

AeroBay platform operational in 15 states across India

EdTech / Aerospace Education / STEAMNoidaFounded 2019

THE FOUNDER & VENTURE

Building with purpose.

Founded 2019 Jaipur (now HQ Noida); co-founders Ashish Kumawat, Neha Chauhan (MSc Thermal Power Propulsion + Aerospace, UK), Nitin Choyal; 15+ years combined experience in aerospace, mechanical, K-12 education; B2B2C model exclusively for K-12 schools; expanding to all 28 Indian states; planning to scale to 100+ schools

THE JOURNEY

Milestones along the way.

Founded 2019 Jaipur → AeroBay launch → Seed ₹2 Cr (2022) → 15 states, 25K students → Pre-Series A $600K Enrission India (Apr 2024, valuation ₹70 Cr) → Additional $250K (Jun 2024) → Targeting 28 states, 100+ schools

KEY ACHIEVEMENTS

AeroBay platform operational in 15 states across India; 25,000+ students enrolled; 65+ school partnerships; NEP-aligned industrial-grade Composite Skill Labs in schools; STEAM-based learning in Aerospace, Drones, Space-Ed, EV, Meteorology, Design Thinking; Columbia Business School student visit; Drone Federation of India participant; Ch Vaishnav is Aerospace Engineer (First Class Honors, University of Hertfordshire UK)

RECOGNITION

Enrission India Capital (SoftBank-backed) Pre-Series A investment; valuation ₹70 Cr (2024)

GROWTH & FUNDING

Seed ₹2 Cr from undisclosed angel investors (2022, valuation ₹12 Cr); Pre-Series A $600K / ₹4.96 Cr from Enrission India Capital (SoftBank-backed Japan VC, Apr 2024, valuation ₹70 Cr); additional $250K from Enrission (Jun 2024); total $787K+ raised over 4 rounds

BUSINESS MODEL

₹5 Cr revenue in FY2023 with ₹50 Lakh profit; target ₹45 Cr revenue for 2024; charges ₹8,500/student/year; avg ₹25–30 Lakh revenue per school; 65+ school partnerships