Bengaluru-based edtech startup Masai School has raised a Pre-Series A funding round of $2.5 Mn led by Unitus Ventures. The round also saw participation from India Quotient and AngelList India. The startup focuses on upskilling students from a non-engineering background, rural areas to begin their career in the IT and tech industry.
The company, in a press statement, said that it will be utilising the fund to strengthen its classroom and digital infrastructure, provide quality education to students and make them job-ready. Also, it will be using the money to expand its service offerings, including UI/UX, product management and data science, to meet the demand of companies hiring computer science graduates equipped with industry-relevant skills and attitude required for rapid growth.
Founded by Prateek Shukla, Nrupul Dev and Yogesh Bhat in June 2019, Masai School claims to train tech aspirants in full-stack web and android application development, and also help them get placed through its partner network, including Samsung, Sharechat, UrbanClap, Instamojo, Propelld, Vyapar, RevvSales, Lendingkart, Nobroker, Smallcase & PayTm Money.
Following a unique admission model, the company focuses on non-engineering, particularly Tier II and Tier III students, who are financially underprivileged and offer them a chance to learn and get placed in a software company. In other words, the Masai School integrates the Income Sharing Agreement with the students, where it allows them to pay the course fee after they get a high paying, relevant job.
Shukla said that the company has placed more than 82% of its graduates at an average salary of INR 6.6 LPA so far. Currently located in Bengaluru and Patna, Masai claims to have trained 100+ students across four batches, with more than 50% of students from non-computer science and non-metro backgrounds.
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