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ONEST (Open Networks for Employment & Skilling Transformation) develops an open digital network approach to streamline employment and benefits delivery. This decentralized framework provides a common protocol for job and skill exchange, connecting diverse stakeholders. It establishes an interoperable digital public infrastructure for efficient workforce development.
Incubated by the EkStep Foundation, ONEST launched in 2023, founded on the insight that a unified digital infrastructure could transform India's employment and skilling landscape. Key contributors include Pankaj Bansal, Co-Founder of Caret Capital, and Gaurav Gupta, Chief Growth Officer at EkStep. The EkStep Foundation, co-founded by Nandan Nilekani, Shankar Maruwada, and Pramod Varma, brings extensive experience in public digital platforms.
The network serves job seekers, employers, and skilling organizations, simplifying access to opportunities and talent. ONEST's vision is to empower over 500 million Indian youth, enabling relevant employment and skilling pathways. It aims to become a foundational digital layer, fostering economic growth and enhancing social mobility.
Onest has raised $1.0M across 1 funding round.
Onest has raised $1.0M in total across 1 funding round.
# Onest Tech: Custom Software Development Company
Onest Tech is a custom software development company that builds web applications, mobile apps, and AI-powered solutions for businesses across industries[1][3]. Founded in 2020, the company specializes in creating digital products including CRM, HRM, LMS, and eCommerce platforms[1]. The company operates with a team of 11-50 employees across offices in Bangladesh and the USA, positioning itself as a solution provider for organizations seeking to modernize their digital infrastructure[1].
The company's core value proposition centers on transforming business ideas into functional digital solutions by combining creative design with robust engineering[2]. Rather than offering off-the-shelf products, Onest Tech focuses on custom development tailored to specific client needs, serving as a technical partner for businesses at various stages of growth[3].
Onest Tech was founded in 2020, making it a relatively young entrant in the competitive software development landscape[1]. While specific founder backgrounds are not detailed in available sources, the company was established with a mission to deliver high-quality, user-friendly, and innovative applications that empower businesses across industries[1]. The company's early positioning emphasized both web and mobile development capabilities, suggesting founders recognized the dual-platform demand in the market.
The company has since expanded its service offerings to include AI development services, reflecting an evolution toward emerging technology domains[3]. This expansion indicates responsiveness to market trends and client demand for advanced capabilities beyond traditional software development.
Onest Tech operates within the global software outsourcing and custom development market, competing alongside established firms like Ace Infoway (21 years of experience) and Trigent (founded 1995)[1]. The company's positioning in Bangladesh and USA reflects the broader trend of distributed software development teams leveraging cost advantages while serving North American and global clients.
The company's emphasis on AI development services aligns with the broader industry shift toward intelligent applications. By expanding beyond traditional web and mobile development into AI-powered solutions, Onest Tech is positioning itself within a high-growth segment of the software development market.
Onest Tech's trajectory suggests a company focused on deepening expertise in specialized verticals (education technology, HR systems) while expanding into AI-driven solutions. The company's relatively recent founding (2020) means it operates without legacy constraints, allowing rapid adoption of modern development practices and emerging technologies.
The primary growth vectors appear to be: expanding the client base through demonstrated expertise in vertical solutions, building proprietary platforms that can be customized for multiple clients, and establishing stronger thought leadership in AI-backed business applications. As businesses increasingly prioritize digital transformation and AI integration, custom development firms with demonstrated expertise in these areas will likely see sustained demand.
Onest has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2024 | $1M Seed | — | Carao Ventures, Preface Ventures | Announced |
Onest has raised $1.0M in total across 1 funding round.
Onest's investors include Carao Ventures, Preface Ventures.
