“Our authentic speculation was to make use of AI for serving to individuals construct higher habits to rework their lives. This attracted a passionate area of interest, however we could not construct conviction that it might be a VC-scale enterprise,” Chopra mentioned, saying the choice on X, LinkedIn and the web site of Nintee.
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Chopra mentioned the corporate had tried a pivot to discover education- and learning-related concepts, however found that constructing a profitable shopper app at present was onerous, having to compete for consideration towards wider platforms reminiscent of YouTube, Instagram and Fortnite.
He mentioned the funds raised by Nintee, most of which continues to be remaining, will probably be returned to the traders over the following few weeks.
Chopra can also be the founding father of Wingify, a New Delhi-based website-testing software program supplier that has been bootstrapped since inception.
All workers working at Nintee will probably be given 4 months of severance pay and an open provide letter to hitch Wingify, Chopra mentioned. These workers will probably be supplied the identical wage with none hole in employment.
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On its twelfth anniversary on Could 27, 2022, Chopra mentioned on X that Wingify had achieved an annual recurring income milestone of $30 million, was worthwhile and had greater than 300 workers. In the identical yr, the workforce grew to 400 in India and 6 international places.The corporate has been bootstrapped, that means it has by no means raised funds from exterior traders. It makes VWO, a testing software that permits advertising professionals to create totally different variations of their web sites.
Nintee, in the meantime, joins a rising listing of startups which have tried their hand at constructing for the direct shopper in edtech, post-Covid. In September 2022, dwell tutoring and personalised on-line teaching startup Lido Studying filed for chapter. In July 2023, FrontRow, a studying platform for non-academic abilities, shuttered operations.
