Left Menu
Development News Edition

Bengaluru based ed-tech startup Newton School raises USD 650,000

"While software engineering is one of the highest paying and fastest growing career paths, access to quality software development training remains limited to students of few top colleges. With our unique pay after placement online platform we are democratising software development training and allowing people to cross financial and location barriers to achieve their dream of becoming a great software developer," Newton School Co-founder Siddharth Maheshwari said.

PTI | Bengaluru | Updated: 16-09-2020 13:40 IST | Created: 16-09-2020 13:25 IST
Bengaluru based ed-tech startup Newton School raises USD 650,000

City-based ed-tech startup Newton School on Wednesday said it has raised USD 650,000 in a seed round of funding led by early-stage venture capital firm Nexus Venture Partners. Newton School will use the raised capital to strengthen its product and expand its team.

The funding round also 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, it said. Newton School is an online edtech platform that trains people to be highly skilled software developers and get them placed in top companies and startups as frontend, backend and full stack software developers among other roles, it said in a release.

It has a 6 months long online training program with a unique pay after placement model under which the students are charged zero fees until they are placed with a minimum package of 6 LPA, it said. "While software engineering is one of the highest paying and fastest-growing career paths, access to quality software development training remains limited to students of a few top colleges.

With our unique pay after placement online platform we are democratizing software development training and allowing people to cross financial and location barriers to achieving their dream of becoming a great software developer," Newton School Co-founder Siddharth Maheshwari said. Newton School was founded in 2019 by serial entrepreneurs and college friends Nishant Chandra and Siddharth Maheshwari.

With a highly capital-efficient business model, Newton School is close to breakeven just after a few months of operations and is on the path to becoming profitable in the next couple of months. "We already have 500 students studying on the platform in parallel and we plan to scale it to 10,000 within next year thus having larger intake than all IITs combined," claimed Nishant.

The coming months will see Newton School deploy this funding round to further evolve its platform and increase its user capacity to handle thousands of simultaneous learners, the company said. It will also prioritize the development of products utilizing Artificial Intelligence (AI) to streamline and personalize the learning journey of each student.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

Aarti Life Science Launches 'Yetocee D3' to fight against COVID-19

A daily dose of Yetocees essential nutrients can ward off disaster, says Vishwa Savla - CEO of Aarti Life Science. Aarti Life Science has recently launched an orange-flavored chewable tablet form under the brand name Yetocee and Yetocee D3...

Reuters People News Summary

Following is a summary of current people news briefs.Queen Elizabeth formally strips Harvey Weinstein of his British honourBritains Queen Elizabeth has formally stripped Harvey Weinstein of his honorary award following his conviction for se...

Reuters Entertainment News Summary

Following is a summary of current entertainment news briefs. Filming resumes on The Batman movie after coronavirus shutdownFilming has resumed in Britain on the movie The Batman, Warner Bros. said on Thursday, after a two-week shutdown caus...

Reuters Health News Summary

Following is a summary of current health news briefs. Germanys confirmed coronavirus cases rise by 2,297 to 270,070 RKIThe number of confirmed coronavirus cases in Germany increased by 2,297 to 270,070, data from the Robert Koch Institute R...

Give Feedback