Edtech startup NxtWave raised $2.8 million in Pre Series A led by Orios Venture Partners and Better Capital where Ravi Bhushan (BrightChamps), Ramakant Sharma (LivSpace), Vikram Kailas (Mytrah Energy), Umang Kumar (president, CarDekho), Chakradhar Gade (cofounder, Country Delight), Anupam Mittal (Shaadi.com), Vikas Malpani (Leher and Commonfloor), Rajesh Shawney (GSF Accelerator), Nandu Nandkishore (ISB professor and Nestlé Nutrition formerly) and Shaji Devakar (IIFL Wealth) and Giridhar Malpani (Climber Capital) also participated.
NxtWave provides online-cohort-based asynchronous, vernacular-language training programmes for Industry 4.0 careers. Every year, it aims to produce one million new-age developers. NxtWave currently provides training programmes in regional languages for Industry 4.0 tech careers, primarily to college students, graduates, and early young professionals in small towns. According to the company, it has an active student community of over 200,000 members from over 3,000 colleges. Its paying customers come from over 250 districts across India, with more than 85% residing in non-metro and rural areas. According to the company statement, 250+ companies have hired NxtWave graduates in the last six months, including Google and Reliance Jio.