Education technology start-up raised Rs 14 crore from angel investing platform Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital.
The newly raised funds will be used to expand its hybrid programmes into diverse cities, establishing 4+ regional sales centers
Education technology start-up raised Rs 14 crore from angel investing platform Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital.
MyCaptain enables individuals to persue a career of their choice. Its platform offers courses designed for career discovery and exploration, as well as Job-Focused Bootcamps conducted in Classroom Centers and online. The company claims to provide individuals with opportunities to secure full-time jobs, freelance gigs, and internships.
The newly raised funds will be used to expand its hybrid programmes into diverse cities, establishing 4+ regional sales centers, it said.
Additionally, it aims to enrich its course offerings, introducing new programs to reach a portfolio milestone of 50+ beginner courses and 5+ placement readiness programmes.
Founded in 2016, by Mohammed Zeeshan (CEO), Sameer Ramesh (CLO), and Ruhan Naqash (COO), the company has trained more than 250,000 learners in careers across content, design, visual arts, finance, business and empowered them to become entrepreneurs, writers, designers, filmmakers, financial analysts, and more, it claimed.
Mitesh Shah, co-founder, Inflection Point Ventures said, “With the Indian edtech market projected to reach $10.4 billion by 2025, MyCaptain’s focus on practical skill development position it as a leader in creating an edtech platform that focuses on job readiness compared to others that focuses on pre-K-12 and K-12 segment.”
Zeeshan, the co-Founder and CEO of MyCaptain said, “Our platform has courses designed for career discovery and exploration as well as Job Focussed Bootcamps being run in Classroom Centres and Online. We crossed 20,000+ enrollments across our courses and will be ending with Rs 31Cr in booking revenue in FY 23/24. Our next focus is to reach 50,000+ yearly enrollments in our courses and Rs 100 crore in bookings by FY 25/26.”
With over 50 million college graduates and early professionals, looking to build careers in fields beyond coding, the Total addressable market (TAM) for this segment is $30 billion.