Masai School raises another $10M in Series B funding round, setting up special scholarships for women

Indian edtech startup Masai School, which offers courses in software development and data analytics, announced recently that it has raised $10 million in a Series B fundraising round led by Omidyar Network India, with the participation also from existing investors India Quotient and Unitus Ventures, as well as a new investor Alteria Capital. Moreover, sporting stalwarts Mithali Raj and Bhaichung Bhutia also joining as investors and partners.

Last week, the company just announced raising Rs 38 Cr in pre-Series B funding round.

According to the start-up, the fresh capital will used to launch two new course categories and expand its existing skilling course in software development and data analytics. Meanwhile, Masai School will be launching MasaiX, an upskilling course for software developers and a “Scholar Program” that will supplement college students’ education with necessary tech skills. The scholar programme will be implemented by the company's subsidiary, Prepleaf, which Masai School acquired in December of last year.

It is reported that Raj and Bhutia will also make two scholarships available to Masai School students. A total of Rs 1.5 crore in financial help will be made available to Masai School students each year through the two scholarships—Mithali Raj Scholarship for Women in Technology and Bhaichung Scholarship for Extracurricular Excellence. The scholarship would be awarded based on academic performance and extracurricular activities, Masai School said in a statement on November 8.

“The common thought in India is that when a woman chooses her sporting career, her personal life takes a backseat. However, with Masai, every individual gets yet another chance to have another career option apart from sports and excel in it,” said Raj.

Founded in June 2019, the company claims to have placed over 2,000 students across 25 batches, with a placement rate of more than 94 percent and an average annual package of Rs 7.5 lakh. The company also claimed to have placed candidates at Ola, Swiggy, Meesho, Capgemini, Paytm, Dream 11, GlobalLogic, and ShareChat, among others.