21 unicorn founders and serial entrepreneurs together with CRED’s Kunal Shah, Vijay Shekhar Sharma of Paytm and Delhivery’s Mohit Tandon amongst others have invested in an upskilling and reskilling firm Masai Faculty.
The Bengaluru-based edtech firm presents six to seven-month-long programs in full stack net growth, android growth, UI and UX and so on to anybody who has handed class 12. The corporate additionally companions with tech firms for the position of those college students. A number of the founders who’ve invested on this spherical have additionally employed college students from Masai Faculty prior to now.
Additionally see: Masai Faculty acquires Banglore-based Design Shift Academy
Co-founder of Masai Faculty, Prateek Shukla, mentioned, “It’s not a giant funding quantity that we’ve got raised on this spherical. The thought right here was to associate with prime 20 tech entrepreneurs within the nation and have these firms be a part of Masai’s imaginative and prescient of constructing an end result pushed faculty.”
He added that the plan is to have 100 such tech entrepreneurs on its board within the subsequent few months. Different angel buyers who participated on this spherical are Amrish Rau of Pine Labs, Ankush Sachdeva, Bhanu Pratap Singh and Farid Ahsan of Sharechat, Amit Kumar Agarwal and Akhil Gupta of NoBroker, Vipin Pathak of Care24, Ramakant Sharma of LivSpace, Abhishek Goyal of Tracxn, Anurag Jain of KredX, Harsh Lunia of LendingKart, Sunil Rao of Amazon, Sharda Balaji of Novojuris and Kulin Shah of Onsurity amongst others.
Shukla famous a two-fold profit of getting these tech entrepreneurs on the corporate’s board, one from the position perspective the place these tech founders perceive the Faculty mission and create a constructive picture for different firms who could rent Masai Faculty graduates, and the opposite from the scholars’ perspective the place the scholars get entry to prime tech firm founders within the nation.
The corporate reported touching $500,000 in month-to-month income final month and claims to be on monitor to make $1 million in month-to-month income by December 2021 or January 2022. Additional, by March 2022, Masai Faculty is aiming to have near 10,000 college students finding out with the corporate throughout programs.
Headquartered in Bengaluru, the corporate operates on an revenue share settlement (ISA) mannequin, which implies college students wouldn’t have to pay an upfront charge for these programs. Graduates pay Masai Faculty a share of their revenue as soon as they’ve been employed at a threshold wage determined on the settlement stage.
At current, Masai Faculty has graduated 400+ college students throughout 14 batches, and claims to have a placement price of over 92 per cent with a median CTC of ₹7.5 lakh each year. The corporate has enabled scholar placements with greater than 700 of its hiring companions, together with firms resembling NoBroker, ShareChat, Paytm, Samsung, Airmeet and Meesho amongst others. Masai Faculty plans to launch knowledge analytics, product administration and different applications over the subsequent few months. Over 2500 college students examine at Masai Faculty in the meanwhile.