Questo Wellbeing Pvt Ltd, which runs Stoa School, an online business school, said it got $ 1.5 million (around Rs 11 crore) from the founders of Zerodha, CRED, Udemy, Myntra, Redbus and Zivame.
The cycle saw the participation of Nithin Kamath, co-founder, Zerodha; Kunal Shah, founder of CRED; Gagan Biyani, co-founder, Udemy; Richa Kar, co-founder, Zivame; Raveen Sastry, co-founder, Myntra.
Others include Phanindra Sama, co-founder, RedBus, and Vaibhav Domkundwar, founder, Better Capital.
The company said the initial investment will help the Online B School increase its ability to serve more learners, introduce new programs as well as develop the technology to run its online campus first.
Through its flagship six-month part-time StoaMBA program, the firm aims to help professionals join and grow into business management roles at a fraction of the cost and time of a traditional MBA.
Stoa School’s exclusive weekend business hackathon format helps professionals develop skills relevant to industry and business functions, while the online learning community helps learners build their professional networks.
Founded by Aditya Kulkarni, Raj Kunkolienkar, Manoj Kambadur and Sharmad Kuvelkar, Stoa School has served over 300 students and has over 100 startups as recruitment partners.
“Learning communities have evolved rapidly as the format of skill enhancement and Stoa has been at the forefront of this in India and I was fortunate enough to see it all come together at from a simple idea over the past 18 months, ”Vaibhav Domkundwar, founder of Better Capital, said.
“Stoa is a true alternative MBA for Indian professionals looking to add what I call ‘entrepreneurial brain’ to their experience and become a ‘full girl / businessman’ which is a huge need in large organizations as well as quickly. – growing start-ups, ”he added.