Edtech Platform MyCaptain raises $3Million in Pre Series-A funding

This funding will be utilized to further scale course offerings, acquire more users, 4X the revenue and grow the team to further the expansion plans of the company

 Bangalore: MyCaptain, a Bangalore based startup focused on reimagining the future of work, announced that it has raised $3 Million in Pre Series-A funding led by Ankur Capital. The round also saw participation from IPV (Inflection Point Ventures), Firstport ventures, IIM Calcutta Angels Network, Singapore Angel Investors and other Super Angels.

MyCaptain, an ed-tech company co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash has become a platform where students can learn directly from young professionals, discover new career options and build practical skills through over 30+ Beginner to Advanced Live Cohort based courses. These courses range from Content writing, Social Media Management, Fashion Design to entrepreneurship and even Advertising. As market leaders in the segment, MyCaptain has been able to train, mentor and facilitate monetizable outcomes for more than 150,000+ paid learners so far, coming right from metro cities like Bangalore to small towns like Guntur in Andhra Pradesh.

Speaking on the fund-raise, Mohammad Zeeshan, the CEO and Co-Founder, MyCaptain said “It is an exciting time for ed-tech in India as we see several new categories emerging, and MyCaptain has been a category creator and leader our segment specially focussed towards New Age Careers. More than 65 Mn jobs will be created on the internet by 2025 as per a McKinsey report and there’s no hand-holding or guidance for these jobs so far. With an Industry-leading NPS (Net promoter score) of 70 and record high completion rates, MyCaptain is one of the most preferred Online Course Platforms in such fields in India. We will use the funds raised to further scale our course offerings, acquire more users, 4X our revenue and grow our team, wherein we will be hiring new talent to further our expansion plans. We are excited to partner with Ankur Capital and other investors who have shown a great amount of belief in our vision and team. Together we hope to bring in a societal mindset shift towards new-age careers and build future Entrepreneurs, Designers, Creators, writers, technologists and more for India.”

Rema Subramanian, Co-founder and Managing Partner, Ankur Capital, shared, “There is a global trend to reimagine how employment will be structured, particularly in the context of new-age careers. About 1.1 Billion on-demand gig-workers exist globally and India already is one of the largest in terms of scale and growth of internet freelancers globally. We believe a platform that actively engages with users over a period to skill and educate them in new age requirements has a tremendous opportunity to scale and ensure significant income. The MyCaptain team’s understanding of the user pain points and focus on delivering value to the users sets them apart”

Mitesh Shah, Co-Founder, Inflection Point Ventures said, “MyCaptain is working in the space which was waiting to be discovered. It takes Learners beyond the academic education system, helping them instil practical & industrial knowledge, which is actually what comes to use to make them employable as they step into the professional world. IPV is excited to back MyCaptain and its journey in the ed-tech space.”

 

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