Bengaluru-based Newton School, an edtech startup that is building a neo-university for aspiring software developers, has raised $25 million in its Series B funding round led by global investment firm Steadview Capital, which has backed Indian unicorns like Nykaa, Polygon, Zomato and Freshworks.
Existing investors Nexus Venture Partners and RTP Global also participated in the round, Newton School said in a statement.
The capital raised will be used to accelerate the company’s growth and expand its team, technology and brand building initiatives, the statement added.
Founded in 2019, Newton School provides outcome-oriented learning experiences to freshers and working professionals, while enabling people from across India to become software developers. In just over two years, the neo-university claims to have successfully placed 1,500+ aspirants in over 600 companies including Google, Lenskart, Razorpay, Flipkart, Zomato, Deloitte, Meesho and Target.
Newton School’s Series B round follows just a year after it raised $5 million in a Series A round led by RTP Global and angels such as Flipkart’s Kalyan Krishnamoorthy, CRED’s Kunal Shah, Freshworks’ Girish Mathrubootham, Udaan’s Sujeet Kumar, and the founders of Unacademy and Razorpay.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced between April 19 and April 22, 2022.
