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Angel Investor (Individual)

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Investments

9

Portfolio Exits

1

About Umang Kumar

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Latest Umang Kumar News

NxtWave raises $2.8 Mn in pre-Series A round

Dec 1, 2021

Edtech startup Nxtwave has raised $2.8 million in a pre-Series A funding round funding led by Orios Venture Partners and Better Capital along with popular angels including Ravi Bhushan, Ramakant Sharma, Vikram Kailas, Umang Kumar, Chakradhar Gade, Anupam Mittal, Vikas Malpani, Rajesh Shawney, Nandu Nandkishore and Shaji Devakar and Giridhar Malpani. The startup plans to deploy fresh capital for expanding the team, accelerate product development and penetrate further in the existing markets to scale the revenue by 5X in the next 12 months. Founded in 2020 by  Sashank Reddy Gujjula, Anupam Pedarla and Rahul Attuluri, NxtWave offers vernacular, asynchronous & online cohort-based training programs in tech career tracks for college students, graduates and early professionals. The Hyderabad-based firm is bootstrapped, cash-flow positive and has profitably grown by 9X in the last 10 months to $7.5 million ARR. The company claims to have built an active student community of over 200,000 students from over 3,000 colleges and currently has paid customers from more than 250 districts with more than 85% of them coming from non-metros and rural areas.

Umang Kumar Investments

9 Investments

Umang Kumar has made 9 investments. Their latest investment was in NxtWave as part of their Seed VC on December 12, 2021.

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Umang Kumar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/1/2021

Seed VC

NxtWave

$2.8M

Yes

8

10/4/2021

Seed VC

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$99M

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10

9/7/2021

Seed VC

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$99M

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10

6/1/2021

Seed

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10

1/19/2016

Angel - II

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$99M

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10

Date

12/1/2021

10/4/2021

9/7/2021

6/1/2021

1/19/2016

Round

Seed VC

Seed VC

Seed VC

Seed

Angel - II

Company

NxtWave

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Amount

$2.8M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

8

10

10

10

10

Umang Kumar Portfolio Exits

1 Portfolio Exit

Umang Kumar has 1 portfolio exit. Their latest portfolio exit was ANS Commerce on April 19, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/19/2022

Acquired

4

Date

4/19/2022

Exit

Acquired

Companies

Valuation

Acquirer

Sources

4

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