Certification-based technical training platform Newton School is set to receive fresh funding from Prateek Boob, co-founder of PhysicsWallah. The Gurugram-based company will issue 72,738 Series B1 preference shares to raise around Rs 25 crore, valued at approximately $117 million. Newton School offers industry-led tech education programs like B.Tech in Computer Science and AI, emphasizing hands-on learning and job-ready skills.
Prateek’s investment will give him a 2.37% stake in Newton School. The company, having raised $32 million to date, reported significant revenue growth and reduced losses in the previous fiscal year. This move coincides with PhysicsWallah’s expansion in the school education sector, with recent acquisitions and investments in educational programs.
Source: Entrackr : Latest Posts