Edtech Startup Newton School Raises $25 Million In Series B Funding
Bengaluru-based edtech startup Newton School has raised $25 million in a Series B funding round led by Steadview Capital. The funding round also saw participation from existing investors Nexus Venture Partners and RTP Global.
As per the startup, the raised capital will be used to accelerate its growth and expand the team, technology, and brand-building initiatives.
Newton School | Pay After Placement
Founded by IIT batchmates Nishant Chandra and Siddharth Maheshwari in 2019, Newton School provides outcome-oriented learning experiences to freshers and working professionals.
Commenting on the development, Newton School’s founders Siddharth Maheshwari and Nishant Chandra said,
“This fundraise will enable us to build a strong brand and leadership team while investing in innovative technologies like AI to transform education. In India, you have more than a million college graduates every year, who fail to get relevant employment opportunities, and yet there are thousands of companies struggling to find talent. Newton School’s learning platform aims to bridge this gap.”
The Bengaluru-based edtech startup enables people from across India to become highly skilled software developers and have high-paying careers in technology. It recently launched a Master’s degree program for people from non-tech backgrounds.
Building a neo-university for aspiring software developers, Newton School has placed 1,500+ aspirants in over 600 companies, including Google, Deloitte, Razorpay, Lenskart, Flipkart, Zomato, Meesho and Target, in over two years.
In February 2021, the startup raised Rs 36.64 crore in its Series A round led by early-stage VC firm RTP Global.
Speaking about the investment, Puneet Kumar, Managing Director at Steadview Capital, added,
“We’re thrilled to support Siddharth, Nishant and the Newton School team in realizing their vision of a technology-driven neo-university. In a country where graduates are left with single-digit employability rates despite spending significant amounts of money on education, Newton School’s unique model and platform will support the aspirations of millions of Indians by removing location barriers and lowering costs.”
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