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Edtech Startup MyCaptain Raises Rs 14 Cr in Funding from Leading Investors

EdTech

Edtech Startup MyCaptain Raises Rs 14 Cr in Funding from Leading Investors

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In a strategic move, Inflection Point Ventures, alongside investors MyNavi, Piper Serica, Super Capital, and Ankur Capital, has announced a substantial investment in MyCaptain, the innovative education technology startup. MyCaptain’s mission is to empower individuals to pursue fulfilling careers, and this funding round is poised to propel their expansion and program enrichment initiatives.

Securing significant funds, MyCaptain plans to extend its hybrid programs to diverse cities, establishing over 4 regional sales centers. Additionally, the company aims to enhance its course offerings, introducing new programs to achieve a milestone of 50+ beginner courses and 5+ placement readiness programs. These endeavors align with MyCaptain’s commitment to delivering quality education and improving accessibility across regions. The investment is expected to play a crucial role in catalyzing their expansion efforts, ensuring a broader reach and a more diverse array of educational offerings.

Founded in 2016 by Forbes 30 Under 30 honorees Mohammed Zeeshan (CEO), Sameer Ramesh (CLO), and Ruhan Naqash (COO), MyCaptain boasts a stellar team with a shared vision. Each founder holds a bachelor’s degree in technology.

Mitesh Shah, Co-Founder of Inflection Point Ventures, notes, “The digital era has transformed various industries, yet the education sector remains largely unchanged. MyCaptain bridges the gap by offering courses in fields like Artificial Intelligence, Business Analytics, Digital Marketing, and more, preparing students for the evolving professional landscape. With the Indian Ed-tech market projected to reach 10.4 billion U.S. dollars by 2025, MyCaptain stands out as a leader in creating an Ed-tech platform focused on job readiness.”

Hidekazu Ito, Managing Director at Mynavi, emphasizes the strategic partnership’s potential impact on the Japanese hiring scene, aligning with their group vision of supporting individuals in their turning points.

MyCaptain has demonstrated impactful outcomes, training numerous paid learners through comprehensive beginner and job placement programs. Maintaining an impressive average Net Promoter Score (NPS) of 50+ across diverse offerings, the platform has successfully facilitated placements for learners in coveted roles. Their innovative hybrid learning program showcases remarkable success, with over 25% of the initial cohort securing jobs within a month of course completion.

Mohammed Zeeshan, Co-Founder & CEO of MyCaptain, expresses the company’s continued focus on building a comprehensive career platform. He shares their achievements, having crossed 20,000+ enrollments and projecting Rs 31Cr in booking revenue for FY 23/24. The company aims to reach 50,000+ yearly enrollments and Rs 100 Cr in bookings by FY 25/26.

With a Total Addressable Market (TAM) of $30B, targeting over 50M+ college graduates and early professionals, MyCaptain’s strengths lie in its formidable social presence, monthly garnering over 15 million impressions, resulting in exceptional Customer Acquisition Costs (CACs) in competitive landscapes. The startup offers a comprehensive full-stack career solution with proprietary tools, including a jobs board and AI-driven interview practice, seamlessly integrated into its platform. Currently, MyCaptain onboards more than 2000 students monthly across beginner and advanced placement assistance programs.

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