India Deal Monitor: Nexus Venture backs Newton School and more updates

By Pramugdha Mamgain

September 16, 2020

Bengaluru-based edtech startup Newton School has raised $650,000 in a seed round of funding led by early-stage venture capital firm Nexus Venture Partners, it announced Wednesday.

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.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Newton SchoolBengaluru650,000SeedNexus Venture PartnersUnacademy founders (Gaurav Munjal, Roman Saini and Hemesh Singh), AngelList, Srinivas Anumolu, Ajay Gupta, Sahil Aggarwal, K.GaneshEducation/TrainingEdTech
Acko General Insurance LtdMumbai60 million-Munich Re VenturesAmazon, RPS Ventures, Intact VenturesInsuranceInsuretech
Farmers Freshzone Pvt LtdKochi476,000-IAN Fund -AgribusinessAgTech
DozeeBengaluru1.7 million-Prime Venture Partners, YourNest Venture Capital, 3one4 Capital-Consumer ElectronicsHealthTech
CashKaroGurugram10 millionSeries BKorea Investment Partners (KIP), Kalaari Capital-RetailE-commerce
BurgeramaGurugram-Pre-Series AMadison CapitalAnicut Angel FundFood-
AirmeetBengaluru12 millionSeries ASequoia Capital India, Redpoint VenturesAccel India, Venture Highway, Global Founders Capital (GFC)SoftwareSaaS
The Moms Co.New Delhi8 millionSeries BDSG Partners, Saama CapitalBeardo founders (Ashutosh Valani and Priyank Shah)Consumer ProductsE-commerce
PumPumPumGurugram271,739DebtICICI Bank, Canara Bank, Kogta Financials-Automobiles Other Vehicles & PartsRidesharing /Transport
GullyBuy Software Pune543,478Pre-Series ASEED Enterprises LLP-SoftwareE-commerce
Assiduus Distribution Pvt LtdBengaluru1 millionSeries AK Partners-OutsourcingE-commerce

 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW