The newest fund infusion will allow the corporate, at present India’s main Pay-After-Placement institute, to launch 2 new course classes whereas additionally enabling the growth of their flagship “zero-to-one” skilling course in Software Development and Data Analytics.
Speaking of the fundraise, Prateek Shukla, CEO and Co-founder, commented, “This is an opportune time for us to choose up our collection B funding, and we’re excited to work with our new companions and our present buyers alike. Our mission stays to construct the nation’s largest employable tech workforce. The final 3 years have been proof of our competency in bridging the tech talent hole for over 800 tech firms who’ve employed greater than 2000 alumni.”
The firm is launching their first up-skilling course, MasaiX., which goals at quick monitoring development for software program builders in India to fulfill demand of tech professionals in Global Capability Centres and Sr. Software Developer roles. Masai can be launching the Scholar Program, focused in school college students to complement their faculty schooling with business essential expertise. The Scholar Program, which is a pay as you go program, is being rolled out by the corporate’s subsidiary, Prepleaf, acquired by Masai in December 2021.
These packages, alongside with Masai’s current providing, Masai 0NE, will likely be supported by 2 scholarships which can be being enabled by Bhaichung Bhutia and Mithali Raj, who joined forces with Masai due to their shared curiosity in reimagining larger schooling in India.
Speaking on the press occasion, Mithali Raj stated, “The widespread thought in India is that when a lady chooses her sporting profession, her private life takes a backseat. However, with Masai, Every particular person will get yet one more probability to have one other profession choice aside from sports activities and excel in it.”
Bhaichung added, “Access to high quality schooling ought to be a elementary proper, regardless of spending potential. And I commend Masai for creating India’s largest outcome-driven larger schooling institute that identifies untapped expertise and makes them job-ready by way of a pay after placement mode. I’m delighted to accomplice with a model like Masai that’s making a tangible contribution to the way forward for the youth on this nation.”
The 2 sports activities icons additionally introduced Mithali Raj Scholarship for Women in Tech & Bhaichung Scholarship for Extracurricular Excellence, which is able to make accessible monetary support of ₹1.5cr in monetary support for college students learning at Masai per 12 months. The scholarship can be distributed primarily based on tutorial efficiency and extracurricular credentials, respectively.
In 2021, the startup had raised its Series A spherical value $5 Mn led by Omidyar Network India. Investors who participated within the spherical included Unitus Ventures, India Quotient and AngelList. The begin up, which has positioned itself as a skilling institute, additionally raised funds in 2021 by way of seasoned angel buyers resembling Kunal Shah of Cred, Paytm’s founder Vijay Shekhar Sharma, Delhivery’s Mohit Tandon & co-founder of Tracxn, Abhishek Goyal amongst others.
To date, Masai has positioned greater than 2000 college students throughout 25 batches which have graduated, with a placement fee of over 94% with a mean CTC of seven.5 lakh INR every year. The firm has enabled pupil placements in a number of the most sought-after engineering groups in India, together with firms resembling Ola, Swiggy, Meesho, Capgemini, Paytm, Dream 11, GlobalLogic and ShareChat. Masai at present has 7000 college students enrolled in energetic batches.
