In an effort to upskill more young people in the nation, edtech company NxtWave reported raising $33 million in its most recent financing round, which was spearheaded by Greater Pacific Capital (GPC). NxtWave stated that it intends to use the funds to improve its product and content in order to further improve the learning experience.

"We'll provide kids in India with high-quality, employability-focused education and adequately prepare them for jobs of the future. The government has established a highly favourable environment for skill-based learning under National Education Policy 2020 "co-founder and CEO of NxtWave Rahul Attuluri.

Orios Venture Partners, an earlier investor in NxtWave, also took part in this round. The company claims that thousands of NxtWave graduates have been hired by more than 1,250 companies, ranging from Fortune 500 giants to rapidly expanding startups.

Ketan Patel, the founder and CEO of GPC, said, "We are thrilled to work with NxtWave to rapidly develop its platform and give access to high-quality education and training for India's young for this exciting global growth area.

Nandan Desai, MD and Co-Head of India for GPC, will join the board of NxtWave. Sashank Reddy Gujjula, Anupam Pedarla, and Attuluri founded NxtWave, which aims to sign up more than 10,000 businesses to hire its students and meet the industry's demand for qualified people.