Newton School Raises $25 Million in Series B Funding Round

Bangalore-based ed-tech startup Newton School, which builds a new university for aspiring software developers, has raised $25 million in a Series B funding round. The round was led by Steadview Capital, a global investment company that includes Indian unicorns Nykaa, Polygon, Zomato, and Freshworks in its portfolio.

Newton School was founded in 2019 by IIT colleagues Nishant Chandra and Siddharth Maheshwari to democratize higher education. It provides undergraduates and professionals with a performance-based learning experience that enables people across India to become highly skilled software developers and pursue high-paying careers in technology.

According to the company, in just two years, it has successfully attracted more than 1,500 applicants to more than 600 companies such as Google, Lenskart, Razorpay, Flipkart, Zomato, Deloitte, Meesho, and Target. Aiming to provide flexible learning to working professionals, it recently launched a master's program for people with a non-tech background. Newton School is on track to reach an annual execution rate of 100 million by 2023.

Newton School's Series B round follows just a year after the ed-tech platform raised $5 million in a Series A round led by RIP Global and Flipkart's Kalyan Krishnamoorthy, CRED's Kunal Shah, Freshworks' Girish Mathrubootham, Udaan's Sujeet Kumar, and the founders of Unacademy and Razorpay.