Newron raises ₹40 crore to expand school management operations overseas

Date:


Edtech-led school operator Newron has raised ₹40 crore in a pre- round to support its expansion into international school management markets and strengthen its operational systems, the company said on Thursday.

The funding was provided by Axis Finance as non-dilutive growth capital after what the lender described as detailed evaluation of Newron’s financial and operational framework.

The company runs K–12 schools in India through a technology-enabled operating model that manages academic and administrative processes on behalf of educational institutions.

Newron said the capital will be used to build cross-border compliance systems, expand operational capacity outside India and enhance the proprietary technology that supports its centralised school administration.

Co-founder and CEO Swoyan Satyendu said the funding will help the company transfer its model to global markets. “This growth capital is pivotal in allowing us to deepen our operational expertise and seamlessly transfer our proven school management model to new international markets,” he said.

Newron manages schools using a system that integrates classroom curriculum, boarding services, sports programmes, student support and technology-driven administration into a single operating layer. The company said its international expansion will take place in phases, with market announcements to follow once new regions are onboarded.

Founded in 2022, Newron provides end-to-end services across academics, finance, human resources and compliance. It also builds resource planning (ERP) software for school management and -based decision-making.

The company operates six schools and ten campuses across six Indian cities, serving more than 11,000 students and employing around 1,500 staff.



Source link

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Three minors arrested for burglary in Jeedimetla

Three minors were arrested by Petbasheerabad police in connection...

Guacamole Recipes for Every Dip Fan

Up your guacamole game with some of our...

149 Million Accounts’ Login Credentials Leaked: Cybersecurity Report

Over 149 million account credentials from various internet platforms,...

Mariska Hargitay Wore Baggy Wide-Leg Jeans, Get the Look

Celebrities keep reaching for roomy, comfy-looking style staples...