Total amount raised
$22.2 Millions
Latest funding date
11/1/2022
Location
Masai School has successfully raised $10 million in its Series B funding round, attracting a diverse group of investors. The institution is known for its outcome-driven approach, offering programs in Full Stack Web Development, Data Science, and more.
Keep reading to explore the intricacies of Masai School's fundraising journey and the investors backing this innovative platform.
What Is Masai School?
Masai School, founded in 2019, is an outcome-driven career school based in Bengaluru, Karnataka, India. The institution was established by Nrupul Dev, Prateek Shukla, and Yogesh Bhat.
Specializing in Full Stack Web Development, Data Science, and other in-demand skills, Masai School operates on a unique "Pay After Placement" model. This approach allows students to defer tuition fees until they secure employment above a certain salary threshold.
With a team of 251-500 employees, Masai School aims to skill India's untapped talent and prepare them for high-demand jobs through hands-on learning and practical projects.
How Much Funding Has Masai School Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2019
- Lead Investors: India Quotient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial course offerings.
- Seed Round
- Amount Raised: $2.5M
- Date: August 2020
- Lead Investors: Unitus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand course offerings and scale operations.
- Series A
- Amount Raised: ₹362M
- Date: March 2021
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, enhance product offerings, and expand market reach.
- Series B
- Amount Raised: ₹386.2M
- Date: October 2022
- Lead Investors: India Quotient, On Mauritius
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth initiatives.
- Series B
- Amount Raised: $10M
- Date: November 2022
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch new course categories and expand existing skilling courses.
Total Amount Raised: $12.5M + ₹748.2M
Current Valuation: Not publicly disclosed
Key Investors
- Omidyar Network India
- Details: Omidyar Network India is a social impact investment firm that supports entrepreneurs and organizations creating opportunities for people to improve their lives.
- Investment Focus Areas: Social impact, education, financial inclusion, digital identity.
- Notable Investments: Dailyhunt, Doubtnut, Vedantu.
- India Quotient
- Details: India Quotient is an early-stage venture capital firm that invests in technology startups across various sectors.
- Investment Focus Areas: Early-stage startups, technology, consumer brands.
- Notable Investments: ShareChat, Lendingkart, Sugar Cosmetics.
- Unitus Ventures
- Details: Unitus Ventures focuses on early-stage investments in sectors such as healthcare, education, and financial technology.
- Investment Focus Areas: Healthcare, education, financial technology.
- Notable Investments: Cuemath, AddressHealth, Hippocampus Learning Centres.
- On Mauritius
- Details: On Mauritius is an investment firm that participated in Masai School's Series B funding round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Alteria Capital
- Details: Alteria Capital provides venture debt to high-growth startups across various sectors.
- Investment Focus Areas: Venture debt, early and growth-stage startups.
- Notable Investments: Dunzo, Lendingkart, ZestMoney.
What's Next for Masai School?
Masai School is poised to seize significant opportunities with its recent $10 million Series B funding. The institution plans to launch two new course categories, including the MasaiX upskilling program and the Scholar Program, aimed at supplementing college education with industry-specific skills. These initiatives, coupled with scholarships from high-profile investors like Mithali Raj and Bhaichung Bhutia, position Masai School to attract a broader and more diverse student base.
Future fundraising opportunities appear promising as the school continues to expand its offerings and demonstrate successful student placements. The involvement of renowned investors enhances the institution's credibility, potentially drawing more investment rounds. However, Masai School must navigate challenges such as competition from other edtech platforms and maintaining the quality of its new courses. Ensuring effective scaling and adapting to industry demands will be crucial for sustained growth.
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