The funding round also saw the participation of Unacademy founders Gaurav Munjal, Roman Saini and Hemesh Singh, US-based startup platform AngelList, Upwork founder Srinivas Anumolu, educationists Ajay Gupta and Sahil Aggarwal, and GrowthStory founder K.Ganesh.
Newton School will use the corpus raised to strengthen its product and expand its team, it said in a statement.
Founded in 2019 by Nishant Chandra and Siddharth Maheshwari, Newton School is an online education platform that trains people to be skilled software developers, and get placed in frontend and backend roles in top companies and startups. Its training program includes 1000+ hours of coding, 50+ hours of soft skills training, live projects, and personal mentorship from mentors working in top tech companies.
Newton School aims to have 10,000 students placed by 2021.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from September 14-16, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Newton School||Bengaluru||650,000||Seed||Nexus Venture Partners||Unacademy founders (Gaurav Munjal, Roman Saini and Hemesh Singh), AngelList, Srinivas Anumolu, Ajay Gupta, Sahil Aggarwal, K.Ganesh||Education/Training||EdTech|
|Acko General Insurance Ltd||Mumbai||60 million||-||Munich Re Ventures||Amazon, RPS Ventures, Intact Ventures||Insurance||Insuretech|
|Farmers Freshzone Pvt Ltd||Kochi||476,000||-||IAN Fund||-||Agribusiness||AgTech|
|Dozee||Bengaluru||1.7 million||-||Prime Venture Partners, YourNest Venture Capital, 3one4 Capital||-||Consumer Electronics||HealthTech|
|CashKaro||Gurugram||10 million||Series B||Korea Investment Partners (KIP), Kalaari Capital||-||Retail||E-commerce|
|Burgerama||Gurugram||-||Pre-Series A||Madison Capital||Anicut Angel Fund||Food||-|
|Airmeet||Bengaluru||12 million||Series A||Sequoia Capital India, Redpoint Ventures||Accel India, Venture Highway, Global Founders Capital (GFC)||Software||SaaS|
|The Moms Co.||New Delhi||8 million||Series B||DSG Partners, Saama Capital||Beardo founders (Ashutosh Valani and Priyank Shah)||Consumer Products||E-commerce|
|PumPumPum||Gurugram||271,739||Debt||ICICI Bank, Canara Bank, Kogta Financials||-||Automobiles Other Vehicles & Parts||Ridesharing /Transport|
|GullyBuy Software||Pune||543,478||Pre-Series A||SEED Enterprises LLP||-||Software||E-commerce|
|Assiduus Distribution Pvt Ltd||Bengaluru||1 million||Series A||K Partners||-||Outsourcing||E-commerce|