Feb. 21, 2023 -- Edtech firm NxtWave said it has raised USD 33 million (Rs 275 crore) in its latest funding round led by private equity firm Greater Pacific Capital, with participation of existing venture investor Orios Venture Partners.

Founded by IIT Bombay, IIT Kharagpur and IIIT Hyderabad alumni Sashank Reddy Gujjula, Anupam Pedarla and Rahul Attuluri, NxtWave plans to use the fund for organic and inorganic expansion of business in both domestic and overseas markets.

"We are excited to have Greater Pacific Capital (GPC) as a new partner in our journey. Making India a powerhouse of technologies starts with upskilling our youth. Together, we will bring high-quality, employability-focused education to India's youth and equip them for the jobs of the future at scale," NxtWave Co-Founder and CEO Rahul Attuluri said.

The company claims that over the last couple of years, more than 1,250 companies have hired thousands of NxtWave learners.

As part of the deal, GPC’s managing director Nandan Desai will join NxtWave’s board.

Including the current fundraising, NxtWave has bagged $35.8 Mn in funding to date.