Bengaluru-based EdTech startup Masai School has secured US$ 2.5M in a Series-A funding round held in August 2020, led by Unitus Ventures along with participation from India Quotient and AngelList India.
The latest round brings the startup’s total funding to US$ 2.7M to date.
Proceeds from the funding round will be used to recruit industry professionals to build and teach, and to fortify its current offerings – Full stack, Web and Android development. It will also be utilized to enter new learning zones, build new disciplines (UX, product management, data science), and strengthening infrastructure.
Masai School was founded by Prateek Shukla, Nrupul Dev, Yogesh Bhat and it started operations in June 2019. It has campuses in Bengaluru and Patna apart from running online as well. The EdTech startup provides training in full-stack web and android development to students. It has also included the Income Sharing Agreement (ISA) in its service, that is, a monetary arrangement where students pay the course fee after getting a job.
Prateek Shukla, CEO of Masai School was quoted to say, “In the long run, we aim to become a higher education alternative, catering to students and working professionals alike in preparing a future-ready Indian tech workforce. We aim to enable the dreams of over 1,000 learners in the next 12 months.”
Masai School’s employment associates include Samsung, Sharechat, UrbanClap, Instamojo, Propelld, Vyapar, RevvSales, Lendingkart, Nobroker, Smallcase and Paytm Money. Almost 300 students are currently a part of Masai School. It also claims that it has been witnessing a substantial rise in people applying to its programs to hone their skill set, while also stating that over 1K students are registering themselves in Masai School every week.
The EdTech space has seen considerable progress globally with the onset of the COVID-19 pandemic, the ensuing lockdown being a major reason for it.
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