# Novoy Software Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novoy-software-private

- Industry: Software
- Headquarters: Kochi, India
- Website: www.entri.app
- Total disclosed funding: $10M
- Latest round: Series A (Feb 16, 2022)
- Investors on record: 4

## About

Novoy Software Private Limited operates the Entri platform, which specializes in online learning and test preparation, offering a variety of courses designed to help individuals acquire essential skills for diverse employment opportunities.Founded in 2015 in Kochi, India, Novoy Software Private Limited aims to bridge skill gaps through its educational platform, Entri. The company has successfully completed 3 deals, with its latest funding round being a Series A, securing USD 7.000 mn led by Omidyar Network India, and participated by Innospark Ventures and Integrated Capital on February 16, 2022. The founder, Mohammed Hisamuddin, has a history of entrepreneurship and has previously founded other companies in the education sector.Entri provides a diverse range of online learning and test preparation courses aimed at equipping individuals with the necessary skills to secure employment across various sectors. The company's core product offerings include intensive training programs for government examinations, coding and IT courses, digital marketing, spoken English, and financial management, among others. Entri's courses are designed to address specific skill gaps within the job market, catering to a wide demographic of learners, including students and professionals from non-IT backgrounds seeking to transition into technology roles. The platform operates primarily in India, offering services in multiple regional languages to enhance accessibility for its users. Entri has successfully positioned itself as a prominent vernacular learning platform, serving over 10 million users across various states and regions.In the most recent year, 2021, Entri reported revenue of USD 0 mn, with an EBITDA of USD -241.5 mn. The company generates revenue through a structured transaction model that includes subscription-based access to its educational content and courses, catering to both individual students and institutions seeking comprehensive training resources.In February 2022, Novoy Software Private Limited raised USD 7.000 mn in Series A funding, which will be allocated for content development, senior-level hirings, and strategic acquisitions to accelerate growth. The company plans to expand its product offerings, targeting new courses and learning paths designed to meet emerging market demands. Additionally, Entri aims to broaden its geographic reach, specifically focusing on expanding into new regions across India by leveraging its vernacular approach to education.

## Funding rounds

- Series A, Feb 16, 2022, $7M — Integrated Capital, Innospark Ventures, Omidyar Network India
- Seed, Jul 23, 2020, $1.7M — Good Capital
- Seed, Feb 3, 2020, $1.4M — Good Capital

## Investors

- Good Capital — Seed
- Integrated Capital — Series A
- Innospark Ventures (https://capitalatlas.ai/funds/innospark-ventures) — Series A
- Omidyar Network India (https://capitalatlas.ai/funds/omidyar-network-india) — Series A