Flipkart’s CEO joins $5m series A round of Indian edtech startup

Bengaluru-based edtech startup Newton School announced it has raised US$5 million in a series A financing round led by RTP Global.

The Newton School team / Photo credit: Newton School

Existing investors including Nexus Venture Partners, Prophetic Ventures, and Unacademy co-founders Gaurav Munjal, Roman Saini, and Hemesh Singh also participated in the funding round.

Also joining in were Flipkart CEO Kalyan Krishnamoorthy, Cred founder Kunal Shah, Freshworks CEO Girish Mathrubootham, Udaan c0-founder Sujeet Kumar, and Razorpay founders Harshil Mathur and Shashank Kumar.

Founded in 2019, Newton School focuses on solving the employability problem of college graduates through its six-month-long course, which includes coding lessons, soft skills training, live projects, and mentorship.

It also follows a fee model where students only start paying after they are employed by a company.

Funds raised from the financing round will be used to expand the company’s team and develop products using artificial intelligence to streamline the learning process of each student.

See also: Edtech needs to do some soul-searching as it powers ahead

“On one side, you have a million plus college graduates every year with a low single-digit employability rate, and on the other side, there are thousands of companies struggling to find talent,” said Nishant Chandra, co-founder of Newton School. “We aim to bridge this massive gap through Newton School’s personalized learning platform.”

The firm claims to be profitable, with its students being hired by over 100 companies – from startups like Zomato, Unacademy, Nykaa, and Affle to multinational corporations including Publicis Sapient, ThoughtWorks, Motorola, and Nutanix.