Bengaluru-based Edtech startup: Newton School raises $25M in Series B via Steadview Capital
- ByStartupStory | April 22, 2022
The Bengaluru-based edtech startup, Newton School, is building a neo-university for aspiring software developers, has raised $25 million in a Series B funding round led by a global investment firm, Steadview Capital, whose portfolio includes Indian unicorns Nykaa, Zomato, Polygon, and Freshworks.
The round also saw participation from existing investors Nexus Venture Partners and RTP Global. In order to accelerate the startup’s growth and expand its team, technology, and brand building initiatives, the capital raised will be used.
Newton School, founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, was built to democratise higher education. While enabling people from across India to become highly skilled software developers and have high-paying careers in technology, it provides outcome-oriented learning experiences to freshers and working professionals.
The neo-university has placed 1,500+ aspirants in over 600 companies including Google, Zomato, Deloitte,Lenskart, Razorpay, Flipkart, Meesho and Target, in over two years. It recently launched a Master’s degree program for people from non-tech backgrounds, with an aim to provide flexible learning to working professionals. To reach 100 million in annualized run rate by 2023, Newton School is on the trajectory.
Just a year after it raised $5 million in a Series A round led by RTP Global and angels such as CRED’s Kunal Shah, Flipkart’s Kalyan Krishnamoorthy, Udaan’s Sujeet Kumar, Freshworks’ Girish Mathrubootham, and the founders of Unacademy and Razorpay, Newton School’s Series B round followed.
IndigoEdge, the Bengaluru-based tech-focused investment bank, served as the exclusive transaction advisor to Newton School.
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