Table of Contents
The current demands of industry and what college students are being taught differ significantly. NxtWave aims to close this gap by providing outcome-driven, organized CCBP 4.0 programs. One of the main issues facing our nation has been directing the energy of the young in a way that would produce results. India has the potential to become a worldwide leader if its massive demographic dividend of young is well used.
NxtWave Company Highlights
|Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri
NxtWave, which was founded by Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri, aims to become India’s largest online employability university for 4.0 digital jobs, where a traditional college degree is not required. The startup wants to generate one million modern coders annually. Currently, the firm provides college students, recent graduates, and early professionals with cohort-based, asynchronous, online training programs in Industry 4.0 Tech job paths.
More than 250 businesses, including Jio and Google, have employed NxtWave alumni in the past six months. Over 200,000 students from over 3,000 universities make up the active student community that NxtWave has developed. At present, it has paying clients from more than 250 districts, with over 85% of them coming from non-metros and rural regions.
An educational platform business called NxtWave provides industry-ready certificates and cohort-based online training courses. Through this platform, professionals and students may develop their skill sets and increase their employability. It also offers a venue for students from different universities to network and find employment prospects by exchanging industry-specific expertise.
NxtWave Founder and Team
An edtech business called NxtWave, with its headquarters in Hyderabad, provides online courses for professions in Industry 4.0. NxtWave, which was founded by Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri, aims to become India’s largest online employability university for 4.0 digital jobs, where a traditional college degree is not required. It was founded in 2020.
NxtWave Startup Story
To educate young people about Industry 4.0, the NxtWave team started its Continuous Career Building Programs (CCBP 4.0) in September 2020 amidst a global epidemic that was sweeping through India. NxtWave is uniting a collection of tech-savvy and forward-thinking individuals to form the biggest 4.0 Tech Student Community in India. In the fields of AI/ML, Cyber Security, IoT, Data Science, AR/VR, Blockchain, Fullstack De, and other 4.0 technologies, this community acts as an ecosystem to support students in developing their knowledge and careers. At now, the community comprises 1,50,000 students from over 3,000 colleges spread over 35 Indian states and UTs.
For example, without having to download and install hundreds of software packages, learners may build, execute, and host web apps in a matter of seconds by utilising the Codeplayground feature on the platform. It enables students to practice programming even on a low-end laptop with rudimentary specifications. Exponential Performance Perspective Training, which changes the learner’s mindset for high personal and professional growth, is another distinctive feature of NxtWave programmes. This training accelerates learning and raises the bar for an individual’s performance by fostering a growth mindset, helping one build the proper identity, and more.
The team is focusing on expanding career tracks in English, Hindi, and Telugu as well as introducing support for new Indian vernacular languages, such as Bengali, Gujarati, Tamil, Kannada, Marathi, Malayalam, and Odia, in the upcoming year. The business wants to extend support for languages from Southeast Asia, including Vietnamese, Filipino, Indonesian, and others, in addition to Indian languages.
NxtWave Mission and Vision
With the help of NxtWave, 40 million college students and recent graduates (aged 18 to 23) will be able to become highly competent experts in 4.0 technologies. The team aims to directly transform one million adolescents during the next three years.
NxtWave Name, Tagline, and Logo
NxtWave Business Model
It mostly concentrates on the subscription for the company’s revenue. In addition to having paying clients from more than 250 districts, NxtWave has developed an engaged student community of more than 200,000 students from more than 3,000 universities. Today, NxtWave has paying customers from more than 250 districts in India, and they have logged over 175 million minutes on its educational platform.
NxtWave Revenue Model
From barely Rs 3.74 lakh in FY21 to Rs 2.60 crore in FY22, its net profit increased by 6,860 percent. The organization claimed to have assisted over 1,500 businesses in achieving their talent demands in addition to helping individuals land jobs in IT companies.
NxtWave Products and Services
- Full-Stack Developer: Develop your skills in the highly sought-after programming languages Java, Python, and MERN stack to create complete online applications.
- Explore the fields of artificial intelligence, machine learning, and data analytics with real-world projects and technologies that are pertinent to your company.
- Develop your skills in data interpretation, narrative, and visualization to extract insightful knowledge from datasets.
- QA/Automation Testing: Assure the quality of software and advance your career in a highly sought-after sector.
NxtWave Funding and Investors
In its most recent financing round, upskilling company NxtWave raised $33 million under the direction of Greater Pacific Capital, a private equity firm (GPC). Orios Venture Partners, an existing investor, took part in the new round as well. According to a press statement from the firm, NxtWave intends to use the money to invest in products and content, enroll more than 10,000 businesses to recruit its learners and meet the industry’s need for qualified labor, and pursue acquisitions within the next several years. The company plans to extend its reach throughout various regions of the nation. Before this, Orios Venture Partners and Better Capital conducted a $2.8 million pre-Series A fundraising round for the Hyderabad-based company.
NxtWave, founded by Sashank Reddy Gujjula, Anupam Pedarla, and Rahul Attuluri, is developing an online platform for employability tailored to vocations in modern technology. In the last several years, thousands of NxtWave learners have been employed by over 1,250 firms, including Amazon, Google, Goldman Sachs, and Jio, according to the startup. Over the past two fiscal years, the 2.5-year-old firm has expanded at an alarming rate. The size of NxtWave increased 4X to Rs 30.18 crore in FY22 from Rs 7.14 crore in FY21. As per its annual financial filing with the RoC, its earnings blew up 65X to Rs 2.6 crore in FY22 from almost Rs 4 lakh in FY21.
Over two waves, NxtWave has raised $35.8 million in investment in total. On November 02, 2021, it held its first investment round. On February 21, 2023, a $33 million Series A investment round was its most recent round of funding. In its most recent round, which was headed by Greater Pacific, two investors took part.
The startup wants to generate one million modern coders annually. Currently, the firm provides college students, recent graduates, and early professionals with cohort-based, asynchronous, online training programs in Industry 4.0 Tech job paths. More than 250 businesses, including Jio and Google, have employed NxtWave alumni in the past six months.
Over 200,000 students from over 3,000 universities make up the active student community that NxtWave has developed. At present, it has paying clients from more than 250 districts, with over 85% of them coming from non-metros and rural regions. As of November 23, NxtWave employed 983 people. There are thirty more employees overall than there were on October 23.
NxtWave Challenges Faced
NxtWave confronts a number of obstacles despite its outstanding products and commitment to closing the skills gap in technology, such as competition from other significant platforms and organizations. Although NxtWave’s widely accepted qualifications and extensive services are valuable, they also impede fair access to tech education for those from lower socioeconomic backgrounds.
It can be difficult to maintain constant quality throughout NxtWave’s wide range of programmes and student cohorts as it grows in scope. For them to continue to meet their high standards, scalability and individualised attention must be balanced. In spite of these obstacles, NxtWave is well-positioned to succeed in the cutthroat world of tech education thanks to its dedication to quality, inclusion, and innovation.
There is no acquisition happening.
With more than 250 districts in India, NxtWave now has paying customers who have used its learning platform for more than 175 million minutes. Over 125 businesses, including Amazon, Accenture, IBM, Bank of America, TCS, Deloitte, and more, have employed CCBP 4.0 learners in the previous four months.
Although NxtWave’s compatibility with Orios, Better, Google, Microsoft, Amazon, Apple, OYO, Uber, Ola, Samsung, PayPal, Intel, Walmart, and other companies is unknown,
- NxtWave has a total of 6309 contestants and it ranks 12th among them.
- Of its rivals, 112 have left, but 173 have funding.
- In all, about $5.13 billion has been raised by NxtWave and its rivals in 530 funding rounds with 1605 investors.
- The whole competition set consists of 100 acquired firms, 12 public companies, and 4 private unicorns.
- Udemy, UpGrad, Simplileran, Byjus, and Unacademy are some of the main rivals.
NxtWave Awards and Achievements
The Economic Times, The Time of India, Hindustan Times, Mint, Business Standards, Telengana Today, and other publications have all highlighted NxtWave.
NxtWave Future Plan
Their ambitious vision for the future is full with fascinating navigational aids. Additionally, they’ll head for international seas, sharing their knowledge with a worldwide clientele. NxtWave intends to provide professional programmes that go beyond basic certificates, targeting specialised tech professions and encouraging deeper knowledge in certain fields. The future offers real-time skill tests and quality-controlled AI-powered career counselling to make sure graduates are really prepared for the workforce.
What does NxtWave do?
Platform that offers professional IT training online. The site provides courses in cybersecurity, blockchain, data analytics, and other topics. Furthermore, it offers certificates of course completion.
When was NxtWave founded?
In 2020, it was established.
Who is the founder of NxtWave Corporation?
NxtWave was established by Rahul Attuluri, Anupam Pedarla, and Sashank Reddy Gujjula.
Who is the CEO of NxtWave Corporation?
CEO Rahul Attuluri is in charge.
Who are the main competitors of NxtWave?
Udemy, UpGrad, Simplileran, Byjus, and Unacademy are some of the main rivals.
NxtWave is empowering kids with industry-ready training, helping to close the tech skills gap in India. Their 4.0 career-ready CCBP programs help students obtain positions at prestigious firms like Jio and Google. NxtWave is growing internationally and hopes to empower one million young people a year in spite of obstacles. With the help of its talented and driven workforce, this cutting-edge platform is paving the way for India to become a global leader in technology.