The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini, and Hemesh Singh. Flipkart’s CEO Kalyan Krishnamoorthy, CRED’s Kunal Shah, Freshworks’ Girish Mathrubootham, Udaan’s Sujeet Kumar and Razorpay founders Harshil Mathur and Shashank Kumar, along with a slew of angel investors, also participated in the round.
Founded in 2019 by Nishant Chandra and Siddharth Maheshwari, Newton School is an edtech platform that enables people to become skilled software developers and get into a tech career in top companies and startups. Its six months long cohort-based course includes more than 1,000 hours of coding, more than 50 hours of soft skills training, live projects, and mentorship oversight – designed by reverse engineering industry requirements and taught by industry professionals.
“On one side you have more than a million college graduates every year with low single-digit employability rates and on the other side, there are thousands of companies struggling to find talent. We aim to bridge this massive gap through our personalised learning platform,” said Nishant Chandra, co-founder, Newton School.
With an aim to bridge the gender gap in the workforce, it recently launched a women-led all-women tech programme to help women re-enter the workforce, equipped with industry-ready skills.
“Engineering education spend in India alone is $10 billion but the net outcome is low employability rates. In a world where increasing skills matter much more than degrees, Newton School is in a prime position to not just tap into this huge market but also to create a massive impact on the lives of millions of students by providing them access to industry-oriented education,” said Kirill Kozhevnikov, partner at RTP Global.
Already profitable, the company plans to help companies hire a qualified and job-ready workforce of 10,000+ people. Additionally, the capital will be used to expand the team and to develop products utilising artificial intelligence (AI) to streamline and personalise the learning journey of each student.
RTP Global has invested in companies founded in more than ten countries across Europe, Asia, and North America. Six early-stage investments became multi-billion public companies: Yandex, EPAM, Delivery Hero, RingCentral, Datadog, and Ozon.