Edtech startup Newton School has hit the headlines with its impressive growth and ambitious plans. The company has boosted revenues and also managed to reduce losses significantly over the period of past year.
The revenue surged 1.5 times in FY24 to Rs 24.06 crore. It was Rs 16.84 crore in FY23. Its net losses shrank by 40% in the same period. The losses dropped from Rs 82.66 crore to Rs 49.74 crore.
The company has set its sights on even bigger goals. It is projecting revenue between Rs 50-60 crore for FY25, which is a 2.5x increase over FY24. It is simultaneously focusing on cutting the losses further and moving closer to profitability. Co-founder Siddharth Maheshwari said transform higher education in the country is their priority.
The model of Newton School is built around hands-on and industry-oriented learning. The approach has helped more than 2,500 students in securing jobs in top companies like Google, Razorpay, Zomato and Deloitte within just two years. The achievements highlight effectiveness of its training programs in bridging skill gaps for tech roles.
Newton School is backed by prominent investors like Nexus Venture Partners and RTP Global. It is simultaneously being supported by notable angel investors such as Kunal Shah of Cred and Kalyan Krishnamurthy of Flipkart.
The edtech space in the country is facing challenges lately and some of the players are struggling to sustain operations. The story of Newton School is inspiring for others in the segment and a good example of balancing growth with sustainability. Its model is to help students and also to contribute to the goal of building a skilled workforce.
