Masai School raises $5 million funding by Omidyar Network India
Bengaluru-based Edtech Startup Masai School has recently announced that it has raised $5 million led by Omidyar Network India in a Series A funding round. Existing investors Unitus Ventures, India Quotient, and AngelList India were also present in the funding round. Masai School is a career-focused coding school that helps students train and make them ready for jobs. It was founded in June 2019 and works on the model of Income Share Agreement (ISA) where the student gets trained and pay once they get the job. Masai School claims to have helped 200+ students graduate from their organization in 8 different batches with a placement rate of 91 per cent and an average CTC of Rs 6.7 LPA. Their partners include big organizations like Paytm, Instamojo, Urban Company & Samsung. “We are building Masai with a clear focus – enable the youth to launch careers in a field of their choice. Why should they go to a college or university that puts them in debt; only to follow that up with finishing schools or expensive certifications – as a supplement, in the hopes of finding a job?” said Prateek Shukla, CEO and co-founder of Masai School. With the latest funding, the company plans to launch new programs in UI, UX designing and data analytics.