Edutech startup Masai College will get $5 mn funding led by Omidyar

MUMBAI: Closing its second spherical of funding in lower than a 12 months, edutech startup Masai College on Thursday raised $5 million or Rs 36.2 crore in series-A spherical from a clutch traders led by Omidyar Community India and others.

The Bengaluru-based career-focused ability constructing college stated different traders who joined in are the prevailing traders — Unitus Ventures, India Quotient and AngelList India.

This new spherical of funding comes lower than a 12 months after Masai College raised its pre-series-A spherical in August 2020, led by Unitus Ventures, the career-focused different schooling startup stated.
The fund will probably be used to introduce new studying tracks, thereby shifting nearer to a full-fledged greater schooling different, it stated.

Masai started operations in June 2019 and leverages the earnings share settlement mannequin to create an outcome-oriented studying method.

Co-founder and chief government Prateek Shukla stated with the most recent funding the startup will launch new programmes in person interface and person expertise designing, product administration and information analytics along with strengthening the prevailing choices of full stack net and android growth.

Masai’s imaginative and prescient is to assist youth launch their careers in a discipline of their selection no matter what background they arrive from, he stated, and identified that that is extra so due to the thousands and thousands who graduate yearly, solely a small share are literally employable leaving the business struggling to seek out related entry-level expertise, implying that the foundation of the issue lies within the present schooling system.

Shukla additional stated this funding will primarily be used to increase the curriculum and contribute to the transitioning of their enterprise mannequin from being a coding centric to a profession centered institute.

Masai’s curriculum growth will assist open up extra doorways for learners and their ISA mannequin reduces the burden on youth and focuses on serving to them actually launch their profession unhindered, stated Siddharth Nautiyal, a companion at Omidyar.

Masai college not solely trains college students however even gives a allowance programme beneath which high performing college students are given Rs 15,000 per thirty days in the course of the programme.

Until date, Masai has graduated over 200 college students throughout eight batches, with a placement fee of 91 per cent at a mean CTC of Rs 6.75 lakh, and it’s on hopeful graduating 2000 college students subsequent tutorial 12 months.

Its hiring companions embrace Samsung, Sharechat, Instamojo, Lendingkart, Nobroker and Paytm amongst others.

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