Newton School, a Bengaluru-based EdTech startup that provides an income share agreement program, has raised around $24.7 million in its Series B funding round led by new investor, Steadview Capital.
The fresh round of funding also saw participation from RTP Global, SAMA Trust, and Nexus Partners, among others.
According to the company’s regulatory filings, it has allotted a total of 5,473 Series B CCPS along with 10 equity shares among the above-mentioned investors to raise $24.7 million (INR 188.4 Cr). The round could further increase to include a minor debt element to it.
Founded in 2019 by Nishant Chandra and Siddharth Maheshwari, Newton School focuses on skill development for graduates and professionals with a focus on placement in tech companies. It offers live classes, industry projects, mock interviews, and personal mentoring for candidates.
Newton School aspires to provide the most relevant, contemporary, affordable education that is in sync with the industry requirements so that its students are easily absorbed and can contribute towards an organization’s success from the very beginning.
At Newton School, it is empowering people to become amazing full-stack developers that allow them to earn 5-40 Lakh per annum salary in top-notch companies in India. The startup has specially designed the programs to make sure that it empowers the students to get quality education. The platform charges fees only when a candidate receives a job offer.
Newton School claims that their candidates have been employed by Google, Dream11, Motorola, Vimeo, Xiaomi, BYJU’S, among others.
The latest fundraising comes almost a year after the startup raised $5 million as a part of its Series A round led by RTP Global. Nexus Partners, Prophetic Ventures, Gaurav Munjal, Roman Saini, Kunal Shah, Kalyan Krishnamoorthy also participated at that time.
