Bengaluru-based edtech startup Masai School has raised $2.5 million in a pre-series A funding round to step up its efforts in imparting quality education to students and making them future-ready.
The round was led by Unitus Ventures and joined by India Quotient and AngelList India, according to a company’s press statement.
Founded in 2019 by Prateek Shukla, Nrupul Dev and Yogesh Bhat, Masai School offers job-ready courses, enabling students to learn relevant skills and build successful career out of them. Currently, it trains tech aspirants in full stack web and android development. Masai School offers a 24-week immersive program, with core focus to make students disciplined, hard working and better programmers, capable of navigating the unknown and desired by the best tech companies.
Masai School invests in its students and their future. It integrates the Income Sharing Agreement (ISA) and allows students to pay the course fee only after they get a job.
Speaking about the company, Prateek Shukla, Co-founder and CEO, Masai School, said,
“We began our journey a year ago with an objective to find untapped talent in the country, train and place them for the most in-demand jobs in the country. We are proud to have placed more than 82% of our graduates at an average starting salary of Rs 6.6 lakh per annum so far. This round of funding will help us to go deeper with our original mission, while also expanding our offerings to meet the demand of companies hiring CS graduates equipped with industry-relevant skills and attitude required for rapid growth. We aim to enable the dreams of 1000+ learners in the next 12 months.”
The startup said it will use the funds to hire industry experts, strengthen offerings, tap into new learner base, and build new disciplines including UX, product management, data science.
Commenting on the funding, Surya Mantha, Senior Partner, Unitus Ventures, said,
“Unitus Ventures has been a pioneer in job-tech. Masai envisions to narrow down the extensive skill-gap and employability issues in India. We share the vision and with this partnership, we aim to drive positive economic and social impact together.”
Masai School aims to become a higher education alternative in the long run, catering to students and working professionals alike in preparing a future-ready Indian tech workforce. The company claims currently it is witnessing over 1,000 students applying its courses every week.
The Bengaluru-based startup also helps its graduates get placed through its partner network. Some of its hiring partners include Samsung, Sharechat, UrbanClap, Instamojo, Propelld, Vyapar, RevvSales, Lendingkart, Nobroker, Smallcase, and Paytm Money among others.