Total amount raised
$22.2 Million
Latest funding date
11/1/2022
Location
Masai School has successfully raised $10 million in a Series B funding round, with Omidyar Network India as the lead investor. The company has gone through five funding rounds, attracting a total of nine investors, including Mithali Raj.
Masai School offers AI-powered programs in collaboration with top Indian institutes like IITs, IIMs, and BITSOM, focusing on practical, project-based learning. 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 is a private EdTech company based in Bengaluru, Karnataka, India. It operates as an outcome-driven career school with a military-style approach to coding education. The school offers job-ready certification programs in collaboration with top Indian institutes like IITs, IIMs, and BITSOM.
With a focus on AI-powered and industry-relevant education, Masai School employs a unique pay-after-placement model, ensuring students only pay tuition fees after securing a job. The company has a significant workforce, with an employee count ranging from 251 to 500. Masai School has also made notable acquisitions, including Prepleaf and Design Shift.
How Much Funding Has Masai School Raised?
- Seed Round
- Amount Raised: USD 2,500,000
- Date: August 2020
- Lead Investors: Unitus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of Masai School's educational programs.
- 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 establish the foundation of Masai School and begin its operations.
- Series A
- Amount Raised: INR 362,000,000
- Date: March 2021
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's offerings and scale operations.
- Series B
- Amount Raised: INR 386,200,000
- Date: October 2022
- Lead Investors: India Quotient, On Mauritius
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Masai School, including acquisitions and scaling their educational programs.
- Series B
- Amount Raised: USD 10,000,000
- Date: November 2022
- Lead Investors: Omidyar Network India
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch two new course categories and expand existing skilling courses in software development and data analytics.
Total Amount Raised: USD 12,500,000
Current Valuation: Not publicly disclosed
Key Investors
- Omidyar Network India
- Details: Omidyar Network India is a leading investment firm that participated in Masai School's Series B funding round. The firm is known for its focus on social impact investments.
- Investment Focus Areas: Education, Financial Inclusion, Governance & Citizen Engagement.
- Notable Investments: Not publicly disclosed.
- India Quotient
- Details: India Quotient is an early-stage venture capital firm that has been an investor in Masai School since its seed round. The firm focuses on backing innovative startups in India.
- Investment Focus Areas: Consumer Brands, Fintech, SaaS.
- Notable Investments: Not publicly disclosed.
- Unitus Ventures
- Details: Unitus Ventures is a venture capital firm that invests in early-stage startups in India. They have been involved with Masai School since the seed round.
- Investment Focus Areas: Healthcare, Education, Financial Services.
- Notable Investments: Not publicly disclosed.
- Mithali Raj
- Details: Mithali Raj is a former captain of the Indian women's cricket team and a prominent sports figure. She joined Masai School as an investor and partner in the Series B funding round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Bhaichung Bhutia
- Details: Bhaichung Bhutia is a former captain of the Indian men's football team and a well-known sports personality. He became an investor and partner in Masai School during the Series B funding round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Masai School?
Masai School is poised for significant growth with the launch of two new course categories and the expansion of its existing skilling programs in software development and data analytics. The introduction of scholarships by Mithali Raj and Bhaichung Bhutia will further enhance accessibility and diversity, attracting a broader student base.
With the edtech market booming and a high placement rate, Masai School is well-positioned to attract further investment. The success of new programs like MasaiX and the Scholar Program could open doors for additional funding rounds and strategic partnerships, bolstering the company's expansion efforts.
However, challenges such as competition from other edtech platforms and maintaining high educational standards as they scale will need to be navigated carefully. Adapting to rapidly changing technology trends and ensuring the relevance of their courses will be crucial for sustained success.
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