- The program is also called as Living Allowance Program.
- Under this program, Masai School will give Rs 15,000 per month as a living allowance to top-performing students.
- The startup is also planning to invest Rs 50 lakh per month towards the program.
Bengaluru-based career-focused coding education startup Masai School has launched Glide Program, also called the living allowance program, to reward its top-performing students.
Under the program, Masai School will recognize the top-performing students of its full-time seven month programs and then will reward them Rs 15,000 per month as a living allowance till the end of the course duration.
The startup expects that the program will give a significant boost to the students to study coding languages. Meanwhile, it is also planning to invest Rs 50 lakh every month towards the program.
In August 2020, Masai School had raised $2.5 million in seed funding. To date, It has raised over $2.7 million in funding from investors including Unitus Ventures, India Quotient, and Angelist India.
Founded in 2019 by IIT graduates Prateek Shukla, Yogesh Bhat, and Nrupul Dev, Masai School specialized in providing job-oriented software courses. It provides both part-time and full-time coding programs including web development and android development.
With its unique Income Sharing Agreement, it allows students to pay the course fees after they get a high-paying job.
Masai School is also planning to launch other software courses such as Data Science, User Experience Design (UX), Frontend & UI Development, and Product Management in the coming months.
The Masai Glide Program enables students and support their learning in a risk-free environment, without having to worry about ongoing financial commitments. Students will have the option to pay back the allowance amount post securing a job, according to the company.
Prateek Shukla, Co-Founder & CEO of Masai School said in a statement: “We learned that one of the biggest obstacles to pursuing a learning program is the thought of leaving one’s job and managing everyday life without a full-time income. ET reported.
The startup claims that its graduates have joined tech companies like Paytm, Sharechat, BharatPe, Pagarbook, MPL, Instamojo, Small case, IBM (International Business Machine), Urbanclap, among others.
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