Bengaluru based Edtech startup Masai School raised a pre-series A funding round of $2.5 Mn led by Unitus Ventures. The round also witnessed participation from India Quotient and AngelList India. The startup aims to focus on upskilling students from a non-engineering background, rural areas to commence their career in the IT and tech industry.
Masai School was founded by Prateek Shukla, Nrupul Dev, and Yogesh Bhat in June of 2019, the startup claims to train tech aspirants in full-stack web and android application development, and also help them get placements through its partner network, including Samsung, Sharechat, Urban Clap, Instamojo, Propelld, Vyapar, RevvSales, Lendingkart, Nobroker, Smallcase and PayTm Money.
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.
Keeping in mind, the company focuses on non-engineering, particularly Tier II and Tier III students, who are financially underprivileged and offer them an opportunity to learn and get placed in a software company. In simpler words, Masai School inculcates the Income Sharing Agreement with the students, where it allows them to pay the course fee after they get a high paying, relevant job.