The round further saw participation from RTP Global, Nexus Partners, SAMA Trust, among others
The round size might slightly increase to add a debt element to it
The fresh funding has come almost an year after it had raised $5 Mn in Series A
Edtech startup Newton School is raising around $24.7 Mn in a fresh round of funding led by its new investor – Steadview Capital. The round also saw participation from RTP Global, SAMA Trust, and Nexus Partners.
The startup has allotted a total of 5,473 Series B CCPS along with 10 equity shares among the above-mentioned investors to raise $24.7 Mn (INR 188.4 Cr). The round could further increase to include a minor debt element to it.
The round comes almost a year after the startup raised $5 Mn in its Series A round led by RTP Global. Nexus Partners, Prophetic Ventures, Gaurav Munjal, Roman Saini, Kunal Shah, Kalyan Krishnamoorthy also participated back then.
Founded in 2019, Newton School focuses on skill development for graduates and professionals with a focus on placement in tech companies. The startup was founded by Nishant Chandra and Siddharth Maheshwari, and offers live classes, industry projects, mock interviews, and personal mentoring for candidates.
The startup demands for fees after a candidate has received a job offer. As per its website, candidates from Newton School have got job offers from Google, Dream11, Motorola, Vimeo, Xiaomi, BYJU’s among others.
Newton School competes against the growing number of upskilling edtech startups including upGrad, Scaler Academy, Relevel, among others.
