The edtech startup focused on augmented reality tech, ENGG Online (FEAST Software), has raised $3.5 million in a Pre-Series A funding round to expand its operations further.
The round was led by ace angel investors, such as Madhu Kela, PS Jayakumar, and Aamara Capital’s Kishor Shah. HNIs including Antique Group’s Kirti Doshi, Autumn Investments’ Sanjay Dangi, Anurag Jain, Rajani Associates’ Prem Rajani, Akshay Gupta, and N Jayakumar also participated in the funding round.
The company plans to invest the funds towards hiring, strengthening its infrastructure, and facilitating content development and delivery.
FEAST Software CEO and founder, Naishadh Paleja, said, “This funding will be used to complete the development of top skills, for the first-year engineering courses at degree and diploma colleges and to develop safety modules for the industry.”
FEAST Software was founded as a SaaS-based learning platform for engineering students and tutors back in 2005. It was incubated at IIT-Bombay’s SINE (Society for Innovation Entrepreneurship) and was developed by a team of postgraduates and graduates to ease learning.
The company boasts of brilliant partnerships with leading companies, such as construction giant L&T, engineering firm Afcons, agritech company UPL, and NIT Surathkal.
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