In the midst of a 45 years high unemployment rate in the country, edu-tech company Pesto registers an average success rate of 29 lakhs p.a. for its latest cohort of 30 alumni.
- With a stringent selection process, Pesto has had more than 1 lakh leads that make it to premium batches of 30 each
- On average, Pesto graduates make 5 times more money than they were making before the program
- Some of the top offers by Pesto grad have packages starting at Rs. 72 lakhs, Rs 60 lakhs & Rs 45 lakhs placed in top silicon valley and Indian companies
New Delhi, September 24, 2019: Pesto Tech, a homegrown edu-tech company re-defining Indian engineering careers today announced reaching a benchmark of Rs 29 lakhs average salary across Pesto grads. At a time when our country is witnessing a 45 years high unemployment rate, Pesto is striving to bridge the skills need-gap for Indian engineers with world-class technical and soft skills training. They aim to get Indian software talent the same pay scale that matches global standards. The top alumni from the cohort have received offers of Rs 72 lakhs, Rs 60 lakhs & Rs 45 lakhs.
Founded in 2018, Pesto Tech is an intensive training program dedicated to empowering India’s top software engineers and giving them access to borderless job opportunities. What Pesto offers is a 12-week program enabling young engineers with a lifelong upskilling strategy and a strong community of alumni. They train experienced software engineers by connecting them to mentors from renowned brands from India and the US. It helps software engineers in India break into international tech careers via full-time remote jobs resulting in a career leap worthy of their skills and qualifications.
“India has one of the largest communities of top engineers and we believe that the time for them to move from the back office to the front office has come now. At Pesto, we are committed to supercharging that by giving them access to the best borderless opportunities & globally competitive packages. The results we have been able to achieve with our cohort of 30 engineers are reflective of the untapped potential that is rearing to be unleashed amongst Indian engineers. With this, we have just scratched the surface and are excited to scale this further. ” shared Ayush Jaiswal, Co-founder, Pesto Tech.
College drop-outs Ayush Jaiswal and Andrew Linfoot, started Pesto completely bootstrapped and went on to raise seed money from Matrix Partners, Swiggy founders and others. Pesto currently operates with an Income Sharing Agreement model for students allowing anyone in the country to afford the program at 0 fee upfront. The income sharing agreement stipulates that Pesto grads will share 17% of their income (depending on the nature of their programme) with Pesto over the first 3 years of their career upon least 2X of their last salary.
Read more about Pesto here.
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