Peak XV to Lead $20 Million Funding Round for Edtech Firm Masters’ Union
Masters’ Union, a modern business school based in Gurugram, is currently in advanced negotiations to secure new funding. According to two undisclosed sources familiar with the matter, Entrackr reported that the funding round is expected to be led by Peak XV. This potential investment is set to mark the first funding round for Masters’ Union in 2023. The company is said to be finalizing a substantial round, aiming to raise between $20 to $25 million.
The sources, who requested anonymity, revealed that the business school is actively working on securing this significant investment from Peak XV. As the talks reach their late stages, both parties appear to be optimistic about the potential collaboration. However, as of now, official confirmation from Masters’ Union or Peak XV is yet to be released, and further details on the funding round and its utilization remain to be disclosed.
As per additional information from undisclosed sources, Masters’ Union is not only in talks with Peak XV but also in discussions with a couple of other investors and several high net worth individuals who are interested in participating in the potential funding round. These additional investors could bring further capital and expertise to support the business school’s growth and expansion plans.
According to another anonymous source, the terms of the deal are currently in the final stages of negotiations. If everything proceeds as planned, the transaction is expected to be completed within a few weeks. As the discussions are private, there is still a need for official confirmation from Masters’ Union or any involved parties regarding the final investment details and the participants in the funding round.
Investors, stakeholders, and the business community, in general, should await official announcements or rely on updates from trusted financial news sources to gain a comprehensive understanding of the funding deal once it is concluded.
As of the time of publication of the story, Peak XV has not responded to queries regarding the funding talks with Masters’ Union. On the other hand, Masters’ Union has denied engaging in any funding discussions at the present moment.
Masters’ Union, founded in 2020, provides a range of undergraduate and postgraduate programs in fields such as business management, finance, and design, among others. The institution boasts an impressive faculty lineup, with over 200 MDs, CEOs, and founders contributing their expertise. What sets Masters’ Union apart from traditional academic institutions is its unique approach to classes, structured like internships, and facilitated by industry practitioners rather than solely academic professors.
As the situation remains fluid, it is essential to stay informed through official statements from both Masters’ Union and Peak XV, as well as any future updates or confirmations from reliable financial news sources.
According to various media reports, Masters’ Union successfully raised Rs 300 crore, which is equivalent to more than $35 million, in its initial funding round in April 2020. The funding was secured from a group of corporate leaders and executives who invested in the company to support its growth and development. This substantial investment indicates a strong vote of confidence in Masters’ Union and its unique approach to education, which integrates industry practitioners into its faculty lineup and offers specialized programs in business management, finance, design, and other disciplines.
Masters’ Union offers a diverse range of courses to cater to various educational needs and career goals. From bootcamps to programs tailored for working executives and even a full undergraduate course offering a degree from Delhi University, the business school aims to provide a comprehensive educational experience for its students.
However, such high-quality education and specialized programs come at a cost. The fees for Masters’ Union courses are substantial, reflecting the premium nature of the education provided. The faster courses start at Rs 125,000, indicating the investment required for shorter-term programs. On the other end of the spectrum, the four-year undergraduate program demands a significantly higher fee of Rs 30 lakh, likely due to the extensive duration and comprehensive curriculum provided.
While the fees may appear steep, it is essential to consider the value and opportunities that come with a Masters’ Union education, which integrates real-world industry expertise and aims to equip students with practical skills and knowledge to excel in their careers. Prospective students should carefully evaluate the benefits and career prospects associated with the various programs offered by Masters’ Union before making their decision.
The significant funding Masters’ Union has received is a reflection of the ambitious scale of its goals in the highly competitive and brand-conscious higher education market. As the business school aims to carve out a substantial portion of this lucrative industry, investors recognize the potential for substantial returns on their investment.
The comparison to other startups in the education sector, such as Unacademy and upGrad, is noteworthy. These companies have also raised considerable amounts of funding ($900 million for Unacademy and $800 million for upGrad) and have been operating with a more conservative approach. With the entry of Masters’ Union, which seems to be pursuing a more ambitious strategy, it adds an interesting dynamic to the market.
The response from established players like Unacademy and upGrad will be closely watched, as they may need to adjust their strategies or offerings to stay competitive in the face of a new and well-funded entrant like Masters’ Union. This competition can drive innovation and potentially result in a more diverse range of educational offerings and services for students in the long run.
As the landscape evolves, the higher education market in India will likely witness exciting developments and increased focus on providing quality education and upskilling opportunities to meet the demands of a rapidly changing professional landscape.
