Newton School, a Bengaluru, India-based edtech startup, raised USD 5M Series A round of financing.
The round was led by RTP Global with participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkart’s CEO Kalyan Krishnamoorthy, CRED’s Kunal Shah, Freshworks’ Girish Mathrubootham, Udaan’s Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with some angels also participated in the round.
The company plans to use the funds to expand operations to develop products using Artificial Intelligence (AI) to streamline and personalize the learning journey of each student.
Founded in 2019 by serial entrepreneurs and college friends Nishant Chandra and Siddharth Maheshwari, Newton School is an edtech platform that enables people to be highly skilled software developers and get into a tech career in top companies and startups. Its 6 months long cohort-based course includes 1000+ hours of coding, 50+ hours of soft skills training, live projects, and mentorship oversight – designed by reverse engineering industry requirements and taught by industry professionals.
With an aim to bridge the gender gap in the workforce, the company recently launched a women led all women tech program to help women re-enter the workforce, equipped with industry ready skills.
The startup’s students have been hired by more than 100 companies ranging from top startups like Zomato, Unacademy, Nykaa, Affle to large MNCs like Publicis Sapient, Thoughtworks, Motorola, Nutanix.
FinSMEs
08/02/2021