Online mentoring platform MyCaptain raises $3 million in funding

Bengaluru: Online mentoring platform, MyCaptain, has raised $3 million in a fresh funding round led by Ankur Capital, the company said on Tuesday.

The round also saw participation from Inflection Point Ventures, Firstport Ventures, IIM Calcutta Angels Network, Singapore Angel Investors and other super angels.

The company plans to use the proceeds from the current raise to scale its course offerings, acquire more users as well as grow its team with a focus on expansion.


The eight-year-old startup allows students to directly learn from young professionals, discover new career options and build practical skills through 30 beginners to advanced live cohort courses. These courses range from content writing, social media management, fashion design to entrepreneurship and advertising.

“It is an exciting time for edtech in India as we see several new categories emerging. More than 65 million 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,” said Mohammad Zeeshan, CEO and cofounder, MyCaptain.

“We will use the funds raised to further scale our course offerings, grow our revenues four-folds and grow our team,” added Zeeshan.

At present, MyCaptain has been able to train, mentor and facilitate monetisable outcomes for over 150,000 paid learners, it said.

Edtech startups have been at the forefront of deal-making over the course of last year, witnessing three new companies including – upskilling platform, upGrad; executive education platform, Eruditus and online tutoring platform, Vedantu – entering India’s unicorn club. A unicorn is a privately-held startup with a valuation of $1 billion or more.

This year, tech solution provider to schools, Lead School raised $100 million in fresh funding led by GSV Ventures and WestBridge Capital, making it the sixth edtech company to reach unicorn status.