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Exclusive: PhysicsWallah co-founder Prateek Boob set to invest in Newton School

EntrackrEntrackr · 3d ago
Exclusive: PhysicsWallah co-founder Prateek Boob set to invest in Newton School
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Exclusive: PhysicsWallah co-founder Prateek Boob set to invest in Newton School Certification-based technical training platform Newton School is set to raise fresh funding from Prateek Boob, co-founder of PhysicsWallah, as part of an extension of its Series B round. The board of Newton School has passed a special resolution to issue 72,738 Series B1 preference shares at an issue price of Rs 3,437 per share to raise around Rs 25 crore, according to regulatory filings reviewed by Entrackr. Founded as a modern neo-university, Newton School offers industry-led tech education programs, including its global B.Tech in Computer Science and AI, with a focus on hands-on learning and job-ready skills. According to Entrackr’s estimates, the investment values the company at around Rs 1,055 crore (approximately $117 million). Following the allotment, Boob will hold around 2.37% stake in the company. The company has raised around $32 million to date, including a $25 million Series B round led by Steadview Capital in April 2022 when its valuation soared seven-fold. Prior to that, it had secured $5 million in Series A and $1.1 million in seed funding. During the previous fiscal year ended March 2025, Newton School reported 61% year-on-year growth in revenue to Rs 38.86 crore from Rs 24 crore in FY24. At the same time, its losses shrank 40% to Rs 29.66 crore in FY25. While this investment by Prateek is in a personal capacity, it comes at a time when PhysicsWallah is expanding its footprint in the school education segment. The company recently acquired the underlying assets of Tender Heart School and is investing $10 million in its Vidyapeeth School programme, which operates across more than 39 schools.

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