Boot coding startup Masai School has raised undisclosed amount of funding from 21 high profile angel investors. This is a rare investment round given that Masai School has raised angel investment round right after raising Series A round led by Omidyar network less than a year ago. Who’s who of the Indian startup industry has spearheaded the round. Some of the most high profile names that took part as investors include the likes of Paytm’s Vijay Shekhar Sharma, Pine Lab’s Amrish Rau, Sharechat’s Farid Ahsin, Care24’s Vipin Pathak and many others.
Notably, most of investors who have come onboard of Masai School’s cap table are founders and CEOs of unicorn startups. The company has said that it intends to add more than 100 tech entrepreneurs in next few months. This implies that we should be expecting another tranche of angel investment round in the ensuing months.
The latest round has come at a time when Covid has propelled India’s edtech industry to its inflection point and online coding platforms are especially seeing lot of traction. However, Masai School is not a typical B2C edtech startup. It is actually a boot camp coding startup that provides job oriented intensive crash courses in several coding languages. The average fees of Masai School’s courses is Rs 3 lakh, which the students can pay after securing the job.
Masai School has tied up with several startups mid-size IT companies and MNCs for conducting its placement program. The Bengaluru headquartered has claimed that it has so far placed nearly 400 students and expects the number to shoot up to 1,500 in the next few quarters.
The startup further claims that it currently boosts monthly revenue rate of $500,000 and estimates to climb this to $1 Mn in January 2022.
Masai School competes with startups like Coding Ninjas, Newton School and Attainu.