NxtWave, a Hyderabad-based edtech startup, has secured $33 million in a Series A funding round led by international private equity firm Greater Pacific Capital (GPC). The round also saw participation from existing investor Orios Venture Partners.
This marks the second round of funding for the upskilling platform which had previously raised $2.8 million in a pre-Series A round led by Orios Venture Partners and Better Capital in December 2021. The total raised by NxtWave now sits at $35.8 million.
With the fresh funding, NxtWave intends to invest in enhancing its product and content to provide an improved learning experience for users. The edtech also plans to onboard over 10,000 companies to hire its learners, addressing the skilled talent needs of the industry. Additionally, the company is eyeing an expansion to boost its reach across multiple geographies in India.
Founded by Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri, the Hyderabad-based upskilling platform aims to create an online, high-quality, employability-focused education at scale to equip India’s youth for new-age technology careers.
According to the startup, it has helped thousands of learners secure jobs from over 1,250 companies, ranging from fast-growing startups to Fortune 500 corporations.