MyCaptain Secures INR 14 Crore Funding for Expansion from Leading Investors

• ByStartupStory     |    March 7, 2024

MyCaptain, an ed-tech startup, has successfully secured INR 14 Crore in funding from a consortium of prominent investors, including Inflection Point Ventures, MyNavi, Piper Serica, Super Capital, and Ankur Capital.

MyCaptain, founded in 2016 by three Forbes 30 Under 30 Special Mention awardees – Mohammed Zeeshan (CEO), Sameer Ramesh (CLO), and Ruhan Naqash (COO), focuses on enabling individuals to pursue careers they are passionate about. The startup has received acclaim for its innovative approach to education, particularly in providing practical skill development programs.

The investment comes at a pivotal time for MyCaptain, allowing the company to strategically grow its hybrid programs into diverse cities by establishing 4+ regional sales centers. The startup aims to enrich its course offerings, introducing new programs to achieve a portfolio milestone of 50+ beginner courses and 5+ placement readiness programs.

Mitesh Shah, Co-Founder of Inflection Point Ventures, highlighted the urgent need for courses addressing the demands of the modern professional landscape. He stated, “MyCaptain addresses the gap by offering courses like Artificial Intelligence, Business Analytics, Digital Marketing, and more to ensure students are well-prepared for the evolving professional landscape.”

Hidekazu Ito, Managing Director of MyNavi, emphasized the strategic partnership’s potential impact on the Indian hiring scene, stating, “We believe that their sustained growth will make a positive impact on the freshers or young professionals hiring segment in India. Also, we believe this partnership can be leveraged to the Japanese hiring scene.”

MyCaptain has demonstrated impactful outcomes with an impressive average Net Promoter Score (NPS) of 50+ across their diverse offerings. The startup has successfully trained a large number of paid learners, facilitating placements in roles such as Content Writing, Digital Marketing, and UI/UX Design. Their commitment to financial sustainability is evident in their strong Contribution Margin 2 (CM2) level profitability.

Mohammed Zeeshan, Co-Founder & CEO of MyCaptain, expressed their continued focus on building a full-stack career platform for early career journeys. He mentioned, “Our next focus is to reach 50,000+ yearly enrollments in our courses and Rs 100 Cr in bookings by FY 25/26.”

With a Total Addressable Market (TAM) of $30 billion for the segment of over 50 million college graduates and early professionals, MyCaptain aims to capitalize on its formidable social presence and comprehensive full-stack career solution to achieve ambitious milestones.

The Indian Ed-tech market is projected to reach 10.4 billion U.S. dollars by 2025, making MyCaptain’s focus on job readiness a key differentiator in the competitive landscape.

Follow Startup Story