India Quotient, On Mauritius leads Pre Series B Round For Masai School


India Quotient and On Mauritius led the pre-series B funding round for Masai School. It secures over 38 crore in the funding round. Both companies invested Rs 15.81 crore. Unitus Ventures also participated in the funding round, investing Rs 7 crore.

Masai School’s board of directors 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, raising Rs 38.62 crore, according to a regulatory filing with the Registrar of Companies (RoC).

Masai School is a training platform for young minds. It offers a higher education career institute for some of the most sought-after jobs. It offers full-stack web development, backend programming, and data analytics courses. Prateek Shukla, Nrupul Dev, and Yogesh Bhat founded it in 2019.

To develop an outcome-focused learning strategy, the company employs an Income Share Agreement (ISA) model. It has over 14,000 hiring partners, including Byjus, ShareChat, Swiggy, Ola, Meesho, CoinSwitch, IBM, Cleartrip, NoBroker, Paytm, and many more.

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