Newton School raised $5 million in funding
On Monday, Bengaluru-based edtech start-up Newton School revealed that it had raised $5 million in a Series A funding round led by RTP Global. Current investors, Nexus Venture Partners, Prophetic Ventures, and Unacademy co-founders Gaurav Munjal, Roman Saini, and Hemesh Singh took part in the funding round. Kalyan Krishnamoorthy, CEO of Flipkart, Kunal Shah of CRED, Girish Mathrubootham of Freshworks, Sujeet Kumar of Udaan, and the founders of Razorpay, Harshil Mathur and Shashank Kumar, along with a slew of angels, also participated in the round.
Established in 2019 by Nishant Chandra and Siddharth Maheshwari, the edtech platform helps individuals in top businesses and startups to be highly skilled software developers and get into a tech career.
The company’s six-month cohort-based course involves more than 1000 coding hours, more than 50 hours of soft skills instruction, live projects, and supervision of mentorship – developed and taught by industry experts according to reverse engineering industry requirements.
The start-up is the brainchild of two friends from IIT Roorkee, Nishant Chandra, and Siddharth Maheshwari, who launched operations in 2019. Its six-month salary after placement track enables learners in top-notch companies to earn INR 5-40 lakh per annum salary.
In 2021, the organization aims to help businesses recruit a professional and job-ready workforce of more than 10,000 individuals, which is higher than all top colleges combined. In addition, to streamline and personalize each student’s learning experience, the capital will be used to broaden the team and to create products using artificial intelligence (AI).