Edtech startup MyCaptain raises Rs 14 Cr from IPV, others

Edtech startup MyCaptain has raised Rs 14 crore (approximately $1.7 million) in a new round from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital. 

Earlier to this round, the startup had raised $3 million in its pre-Series-A round led by Ankur Capital in January 2022.

The fresh proceeds will be used to expand its hybrid programs into different cities, establishing over four regional sales centers. Additionally, the startup aims to enrich its course offerings, introducing new programs of over 50 beginner courses and five placement readiness programs. 

Co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash, MyCaptain allows students to learn directly from young professionals, discover new career options and build practical skills through over 30 beginner to advanced live cohort-based courses. 

The startup claims to have crossed over 20,000 enrollments across its courses and will be ending with Rs 31 crore in booking revenue in FY23-24. It plans to reach 50,000 yearly enrollments in its courses and Rs 100 crore in bookings by FY25-26.

The platform 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.