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Coding Ninjas raises Rs 37 crore in Series A funding from Info Edge

The freshly raised funds will help Coding Ninjas scale the online technology education business of company, strengthen the technology and content, and help them expand into new business territories.

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Last Updated: Feb 12, 2020, 03.27 PM IST
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The investment will also be used for scaling Coding Ninjas' new offering Career Camp – which is an Income Sharing based payment model.
NEW DELHI: Coding Ninjas has raised Rs 37.10 crore in a Series A funding from Info Edge India Limited. The freshly raised funds will help Coding Ninjas scale the online technology education business of company, strengthen the technology and content, and help them expand into new business territories. The investment will also be used for scaling their new offering Career Camp – which is an Income Sharing based payment model.

Introduced in 2019, Career Camp is a pay later model by Coding Ninjas where students undergo a six-month-long online training and pay a part of their salary to Coding Ninjas once they receive the job offer.

Ankush Singla, Co-Founder, Coding Ninjas said in a statement, “We aim to penetrate deeper into the tech education market. The partnership with Info Edge will help us boost the placement side of our business.”

Hitesh Oberoi, CEO, Info Edge India Limited said in a statement, “We are excited to partner with a coding Ninjas. We believe that there are long term synergies between skill-based education and recruitment and this partnership allows us to have a play in this segment.”

Coding Ninjas has a Teaching Assistant (TA) model which provides almost real-time doubt support for the enrolled students. This model is a decentralized model with remote TA’s, who are ex-students of Coding Ninjas, helping in doubt resolution throughout the course duration. This model solves for doubt support at scale and has resulted completion rates of up to 75%.

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Coding Ninjas bags Rs 37 cr from Info Edge

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