Bengaluru, NFAPost: To fuel its further expansion plans, the edutech startup Newton School has raised $5 million in Series A funding led by RTP Global. The existing investors like Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh also participated in the round.
It is interesting to note that along with the angel investors, Flipkart’s CEO Kalyan Krishnamoorthy, CRED’s Kunal Shah, Freshworks’ Girish Mathrubootham, Udaan’s Sujeet Kumar and Razorpay founders Harshil Mathur and Shashank Kumar also participated in the round.
Founded in 2019 by serial entrepreneurs and college friends Nishant Chandra and Siddharth Maheshwari, Newton School helps students land in their dream job with industry-standard tech courses. But it is interesting to find that their educational programmes are payable only after the students get a job.
“We are dedicated to build and structure your tech career for the dream companies worldwide based on your skills, eligibility, preferences and work hard with you till you get into one of yours,” states the company.
The company said its 6-month-long cohort-based course includes over 1000 hours of coding, over 50 hours of soft skills training, live projects, and mentorship oversight. The company has said that companies like Zomato, Unacademy, Nykaa, Affle to large MNCs like Publicis Sapient, Thoughtworks, Motorola, and Nutanix have recruited its students.
“Newton School receives tens of thousands of applications for every cohort, and has rapidly grown 10 times its students intake in a year with its latest cohort having 300+ students. With an aim to bridge the gender gap in the workforce, it recently launched a women led all women tech program to help women re-enter the workforce, equipped with industry ready skills,” the company said in the release.
Newton School had raised $650,000 in a seed round of funding in September last year. The funding was led by venture capital firm Nexus Venture Partners. Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh were also among those who participated in the funding, as per news report.
Besides giving training, the company recognises that tech has unlimited opportunities and over a period of time in reengaging women employees after carrer break and underscores its new strategy to take on hiring in the post-Covid-19 scenario.
In a tweet, the company co-founder states that the company finds now women who are rejoining workforce via Newton School & getting into high paying jobs. “Story of Sithi, whose 1st thoughts after bagging a Software role was to help her father & ensuring great education for her daughter. Truly inspirational!,” tweeted Nishant Chandra.