Edtech Startup NxtWave Raises $2.8 Million In Pre-series A Funding
NxtWave, a Hyderabad-based edtech startup, has raised $2.8 million in pre-Series A funding led by Orios Venture Partners and Better Capital. Ramakant Sharma (Founder, LivSpace), Chakradhar Gade (Co-founder, Country Delight), CarDekho’s Umang Kumar and Anupam Mittal of Shaadi.com also participated in the funding round.
The edtech startup plans to use the fresh capital for hiring, product development and fuelling its expansion to grow its revenue five times over the next 12 months.
NxtWave | Multidimensional Transformation and Career Excellence
Founded by IITians Sashank Reddy Gujjula, Rahul Attuluri and Anupam Pedarla during the pandemic, NxtWave is building India’s largest online employability university for those who want a career in technology without a traditional college degree.
Offering training programmes in regional languages for Industry 4.0 tech careers, NxtWave is targeting college students, graduates and early young professionals in small towns and aims to produce one million new-age developers every year.
Rahul Attuluri, Co-founder and CEO NxtWave, said,
“We believe that the Digital Pedagogy must be radically different for small-town India to create transformative learning experiences. To achieve this, we have adopted a multi-pronged approach in designing our Continuous Career Building Programs leveraging technology, pedagogy and vernacular content.”
With NxtWave’s Continuous Career Building Programs 4.0 (CCBP 4.0), anyone can build 4.0 skills and get high-paid jobs centered around 4.0 technologies like AI, ML, Full Stack Development, Cybersecurity, IoT, VR/AR, Blockchain and more.
The Hyderabad-based edtech startup claims to have an active student community of more than 200,000 members from over 3,000 colleges. As per the startup, it is cash-flow positive and has profitably grown by 9X in the last 10 months to $7.5 million ARR.
The startup added that in the last six months, 250+ companies had hired NxtWave graduates including, Google and Reliance Jio.
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