Bengaluru-based edtech startup Newton School on Tuesday introduced that it has raised $650,000 in a seed spherical of investment led through early-degree project capital company Nexus Venture Partners.
Bengaluru-based edtech startup Newton School on Tuesday introduced that it has raised $650,000 in a seed spherical of investment led through early-degree project capital company Nexus Venture Partners.
The investment spherical additionally saw the participation of Unacademy founders Gaurav Munjal, Roman Saini, and Hemesh Singh; US-based startup platform AngelList; Srinivas Anumolu, Founder of Upwork; veteran educationists Ajay Gupta and Sahil Aggarwal; and K Ganesh, Founder of GrowthStory.
According to a announcement through the startup, Newton School can be using the capital to bolster its product and amplify its team.
Nishant Chandra, Co-Founder, Newton School, said, “Millions of students every year go to engineering colleges with outdated curriculums which teach coding using pen and paper and have little relevance to industry requirements. This results in a meagre three percent employability for new-age jobs even after spending lakhs of rupees. Newton School has developed interactive products and curriculum that allow students to practice coding and get instant feedback, build live industry oriented projects, and get it reviewed by top software developers, making them ready for high paying jobs.”
“With the product and community first thinking, within the first few months of execution, Newton School is showing great results and creating meaningful impact in lives of software engineering graduates and making hiring of great tech talent easier for companies. We look forward to the journey with Newton School where they are building an online academy and solving the deep problem of employability of graduates,” added Pratik Poddar, Principal, Nexus Venture Partners.
While the placements at colleges halted because of the pandemic, in keeping with the startup, its first batch graduated lately with ninety percentage placement rate with alumni operating in pinnacle agencies like Unacademy, Rapido, Toppr, etc.
Newton School goals to have 10,000 students positioned by 2021. The startup additionally hosts month-to-month Newton’s coding demanding situations and free courses.
Founded in 2019 through serial marketers and college pals Nishant Chandra and Siddharth Maheshwari, Newton School is an online edtech platform that trains humans with technical abilities and receives them positioned in pinnacle agencies and startups as frontend, backend, and full-stack software program developers amongst different roles.
