PE Fund Investments
Upskilling platform NxtWave raises $33-M led by Greater Pacific Capital
Hyderabad-based upskilling platform NxtWave has raised USD 33 million in a Series A round led by Greater Pacific Capital (GPC), an international private equity firm. NxtWave's existing investor Orios Venture Partners also participated in the funding round. This is the second round of funding raised by the company, taking the total amount of funding raised to USD 35.8 million. Earlier in December 2021, the startup had raised USD 2.8 million in its pre-Series A funding led by Orios and Better Capital. NxtWave would use the funds to further enhance the learning experience of users by investing in its product and content. It will also be onboarding 10,000+ companies to hire its learners. It also plans to make acquisitions in the next couple of years and expand to new geographies. NxtWave was founded by Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri.
From the Venture Intelligence PE-VC Deal Database: In Dec-2021, NxtWave had raised over USD 2.5 M from Better Capital, LogX Ventures, Orios VP, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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