MyCaptain, an educational technology company that enables everyone to pursue a career they love, has raised INR 14 crore in funding from Inflection Point Ventures. MyNavi, Piper Serica, Super Capital, and Ankur Capital also participated. With this financing round, the startup plans to expand its hybrid programmes into various places, establishing four or more regional sales centres. It also intends to expand its course offerings by launching new programmes to achieve a portfolio milestone of 50+ beginning courses and 5+ placement preparation programmes.
MyCaptain, founded in 2016 by three visionary individuals, Mohammed Zeeshan, Sameer Ramesh, and Ruhan Naqash, provides a complete stack professional platform for individuals in their early career stages. The portal offers courses for career discovery and exploration and job-focused boot camps held in classrooms and online. It provides full-time jobs, freelancing gigs, and internship opportunities. The firm has successfully trained many paid learners through its comprehensive beginner and job placement programmes, maintaining an impressive average Net Promoter Score (NPS) of 50+ across its diverse offerings. In the past year alone, their network of 1000+ hiring partners has facilitated placements for 1300+ learners in coveted roles such as Content Writing, Digital Marketing, and UI/UX Design.
Speaking on the fundraising, Mohammed Zeeshan, Co-founder & CEO of MyCaptain, said:
With this fresh round of funding, we continue focusing on building a whole stack career platform for your early career journey. Our platform has courses designed for career discovery and exploration and job-focused boot camps that run in classroom centres and online. We crossed 20,000+ enrollments across our courses and will end with Rs 31Cr in booking revenue in FY 23/24. Our next focus is to reach 50,000+ yearly enrollments in our classes and Rs 100 Cr in bookings by FY 25/26.
With over 50 million college graduates and early professionals looking to create careers in sectors other than coding, this segment’s TAM is $30 billion. MyCaptain’s strengths lie in its formidable social presence, generating over 15 million monthly impressions, allowing for exceptional Customer Acquisition Costs (CACs) in competitive markets. At the heart of their solutions is a complete full-stack career solution that seamlessly incorporates placement help features like a proprietary job board and AI-powered interview practice into the platform. Currently, the organization onboards over 2000 students per month, including beginner and advanced placement aid programmes.
Mitesh Shah, Co-founder of Inflection Point Ventures, stated:
Digital era has brought sweeping transformation across all industries. However, the education sector remains the same. While traditional fields like medicine, engineering, and CA remain vital, they cannot sustain the demands of modern society. There is an urgent need for individuals proficient in web design, social media management, content writing & digital marketing strategies. Yet, these courses still need to be integrated into mainstream education. MyCaptain addresses the gap by offering courses like Artificial Intelligence, Business Analytics Course, Digital Marketing and more to ensure students are well-prepared for the evolving professional landscape. With the Indian EdTech market projected to reach 10.4 billion U.S. dollars by 2025, MyCaptain’s focus on practical skill development positions it as a leader in creating an EdTech platform focusing on job readiness compared to others focusing on the pre-K-12 and K-12 segments.
Hidekazu Ito, Managing Director of Mynavi, commented on the investment, saying:
Mynavi has been focusing on addressing and resolving challenges that India faces today, especially Human Resources and Education space to achieve our group vision “Navigate Your Best” which means we want to support people’s any turning points. MyCaptain is an upskilling education platform for higher education to help those who struggle to get job opportunities or are aspirational students/young professionals for career growth. Their sustained growth will positively impact the hiring segment of freshers and young professionals in India. Also, this partnership can be leveraged in the Japanese hiring scene.
