Edtech startup Newton School raises $5 million in Series A funding
The funding also saw the participation of existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh.
Newton School, a Bengaluru-based ed-tech startup, on Monday said it had raised $5 million in Series A funding led by RTP Global. The funding round also saw the participation from its 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 a slew of angels also participated in the round.
Newton School is relatively a new ed-tech startup. Founded by Nishant Chandra and Siddharth Maheshwari, the platform aims at IT aspirants. The company said its 6-month-long cohort-based course includes 1000+ hours of coding, 50+ hours of soft skills training, live projects, and mentorship oversight.
The company in a release said that its students were recruited by companies such as Zomato, Unacademy, Nykaa, Affle to large MNCs like Publicis Sapient, Thoughtworks, Motorola, and Nutanix.
“Newton School receives tens of thousands of applications for every cohort, and has rapidly grown 10 times its students intake in a year with its latest cohort having 300+ students. With an aim to bridge the gender gap in the workforce, it recently launched a women led all women tech program to help women re-enter the workforce, equipped with industry ready skills,” the company said in the release.
Newton School had raised $650,000 in a seed round of funding in September last year. The funding was led by venture capital firm Nexus Venture Partners. Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh were also among those who participated in the funding, according to a YourStory report.