Edtech startup Newton School has raised $25 million in a Series-B funding round from investment firm Steadview Capital.
The round also saw participation from existing investors Nexus Venture Partners and RTP Global.
The startup plans to use the funds to accelerate the company’s growth and expand its team, technology, and brand-building initiatives.
Bengaluru-based Newton School was founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, It provides result-oriented learning experiences to freshers and working professionals and enables them to become proficient software developers.
“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”, Said, Siddharth Maheshwari, founder of Newton School.
Since its inception, the edtech startup has placed over 1,500 candidates across 600 reputed companies including Google, Lenskart, Razorpay, Flipkart, Zomato, Deloitte, Meesho and Target.
“Newton School’s unique model and platform will support the aspirations of millions of Indians by removing location barriers and lowering costs. We are confident in Newton School’s growth potential and are proud to partner with them in addressing crucial needs in the Indian education sector”, said, Puneet Kumar, managing director of Steadview Capital. In February 2021, Newton School had raised $5 million in Series A funding round, from RTP Global.
About Newton School
Newton School helps candidates land dream jobs with industry-standard technical courses, which they pay for only after they get the job. They are dedicated to creating and preparing technical careers for dream companies across the globe based on their skills, qualifications, preferences, and hard work.