A total of 21 angel investors from the Indian startup ecosystem participated and invested in online coding company Masai School. Although the company did not disclose the amount, its CEO and co-founder Prateek Shukla said that the value is less than the number of rounds the company has raised. It raised around $8 million in two rounds – $5 million in the second round (2021) and $2.5 million in the first round. The company is worth $30 million.
The list of investors included Amrish Rao of Pine Labs, Kunal Shah of Cred, Vijay Shekhar Sharma of Paytm, Ankush Sachdeva, Bhanu Pratap Singh and Fareed Ahsan of ShareChat, Amit Kumar Agarwal and Akhil Gupta of NoBroker, Vipin Pathak, Ramakant of Care24 Huh. Sharma of Livspace, Mohit Tandon of Delhi, Abhishek Goyal of Traxon, Anurag Jain of CredX, Harsh Lunia of Lendingkart, Sunil Rao of Amazon, Sharda Balaji of Novozuris and Kulin Shah of Onsurity.
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The company claims that the Masai School currently has more than 2500 students and 400+ students graduating in 14 batches, with a placement rate of more than 92 percent and an average CTC of 7.5 LPA. It aims to increase the number of students to 7000 by March 2022 and expand to a total of 20 cities including Tier-2 and 3 cities.
Headquartered in Bengaluru, Masai School was established in June 2019. Currently, the company offers programs in Full Stack Web Development (full-time and part-time programs) and a UI UX Design program (full-time programs), and is planning to launch data analytics, product management, and several other programs in the next few months. .
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Masai School follows the Lamda school model in the US, with students undergoing an intensive 30-week training program. Placement assistance is also provided by the company. The cost of the course is Rs 3 lakh, however, students can pay it after being placed.
The company has seen a demand for its online courses after the country was hit by the COVID-19 pandemic. It has a monthly revenue run rate of $500,000 and is expected to reach $1 million in January 2022.
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