Education startup Masai School has raised $5 million in the Series A funding round led by Omidyar Network India joined by existing investors Unitus Ventures, India Quotient, and AngelList India. This new round of funding comes less than a year after Masai School raised its Pre-Series A round in August 2020, led by Unitus Ventures.
Masai School began operations in June 2019. Headquartered in Bengaluru, the startup follows the income share agreement (ISA), which allows students to ‘Study Now and Pay Later’. To date, Masai School has graduated 200-plus students across eight batches, with a placement rate of 91 percent at an average CTC of Rs 6.75 LPA, the company said.

Masai School’s hiring partners include Samsung, Sharechat, Urban Company, Instamojo, Airmeet, GlobalLogic, Lendingkart, MPL, No broker, and Paytm. Speaking on the announcement, Prateek Shukla, CEO, and co-founder of Masai School said, “We are building Masai with a clear focus – enable the youth to launch careers in a field of their choice. Why should they go to a college or university that puts them in debt; only to follow that up with finishing schools or expensive certifications – as a supplement, in the hopes of finding a job?”

“To provide equal opportunity, we at Masai School, don’t ask for any degree and neither do we filter by the stream of secondary education. We are in fact proud to have helped more than 200 students launch their full-time careers in the technology industry while more than 50% of those came from a non-CS background.” With the latest funding, the company said will launch new programs in the user interface (UI) and user experience (UX) designing, product management (PM), and data analytics; in addition to strengthening the existing offerings of full-stack web and Android development.