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City-based Edtech Start-up Raises Rs 20 Cr Funding
Nxtwave, the ed start-up, was started during the pandemic in September 2020 and has been self-funding so far.
G
Guru Prasad
Hyderabad
Fri Dec 03 2021
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City-based Edtech Start-up Raises Rs 20 Cr Funding
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It’s raining start-ups in Hyderabad, and the best part is most of them are being successful in raising seed funding from angel investors and other investing sources. Now, an educational start-up (edtech) company that helps youngsters to gain access to technology skills has managed to raise $2.8 million or approximately Rs 20 crore in funding. Nxtwave, the ed start-up, was started during the pandemic in September 2020 and has been self-funding so far.


Founded by IIT Mumbai, IIT Kharagpur, and IIT Hyderabad alumni – Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri, respectively, NxtWave offers online cohort-based programs and courses in the industry 4.0 tech careers. The start-up aims to produce 1 million new-age developers every year, as per the company media release.


As for the newly acquired funds, the company intends to use them for expanding its team, accelerating product development, and penetrating further in the existing markets to scale the revenue within one year.


In the past six months, over 250 companies hired NxtWave graduates and these included industry giants like Google, Jio, etc. The start-up has a student community of 2,00,000+ students from over 3000 colleges and presently has customers from 250+ districts, with more than 85 percent of them coming from non-metros and rural areas.


The top three founding members believe that digital pedagogy must be radically different for small-town India to create transformative learning experiences. They say their graduates are in successful high-paying tech jobs, despite having started from non-engineering background hailing from non-metros, and without any programming skills in the past.


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City-based Edtech Start-up Raises Rs 20 Cr Funding
City-based Edtech Start-up Raises Rs 20 Cr Funding
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