Masai School, a Bengaluru-based outcome-driven career school, announced recently that it has raised ₹386,200,000 in a pre-series B funding round led by India Quotient and On Mauritius. It is reported that both firms invested Rs 15.81 crore each, Unitus Ventures also participated and invested Rs 7 crore.
According to a regulatory filing with the Registrar of Companies (RoC), the board at Masai School has approved a special resolution to issue 2,403 pre-Series B2 compulsory convertible preference shares (CCPS) at an issue price of Rs 1,60,707 per share to raise Rs 38.62 crore.
According to Crunchbase, Masai School has raised a total of $12.2M in funding over 4 rounds.
Founded by Prateek Shukla, Nrupul Dev, and Yogesh in 2019, Masai School provides courses in full-stack web development, backend programming, and data analytics. It adopts an Income Share Agreement (ISA) model to develop an outcome-focused learning strategy.
Currently, the startup claims over 14,000 hiring partners, and some of them are leading players like Byju’s, ShareChat, Swiggy, Ola, Meesho, CoinSwitch, IBM, and Cleartrip.