About Mastree
Mastree is an Education company based in Bengaluru (India) founded in 2019, and was acquired by Unacademy in July 2020. Instructor-led online English classes are offered for childrens speaking skills. Mastree has raised $544.92 thousand across 1 funding round from investors including Unacademy and Blume Ventures. The company has 3,202 employees. Mastree was last valued at $2.82 million in December 2019. The company was acqui-hired. Its focus areas include EdTech, K-12 EdTech, B2C Learning Solutions and Language Learning.
Company details
Mastree was founded in 2019 in Bengaluru, India, within the edtech sector. Online instructor-led classes in English are provided through the platform, with a focus on communication courses designed to improve speaking abilities among children. Operations are centered on virtual learning sessions, accessible via the domain mastree.com, serving users primarily in India.
- Headquarters Bengaluru, India
- Employees 3,202
- Stage Acquired
- SectorsEducation
- Website mastree.com
- Acquired by Unacademy (Jul 2020)
- Annual Revenue$119.42 M (USD)-5as on Mar 31, 2024
- Net Profit-$76.24 M (USD)62as on Mar 31, 2024
- EBITDA-$59.05 M (USD)69as on Mar 31, 2024
- Total Equity Funding$544.92K (USD)
in 1 rounds
- Latest Funding Round$544.92K (USD), Seed
Dec 2019
- InvestorsUnacademy
& 1 more
- Employee Count3,202
- Acquired byUnacademy
(Jul 2020)
Associated legal entities of Mastree
Mastree is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sorting Hat Technologies Private Limited CIN U72200KA2015PTC082063 | Active | 06 Aug 2015 | Bangalore, Karnataka | ₹455 Cr | 1,440 | 8 | View details |
| Ono Labs Private Limited CIN U72900KA2019PTC129510 | Active | 11 Nov 2019 | Bangalore, Karnataka | ₹0.2 Cr | 1 | 2 | View details |
Funding Insights of Mastree
Mastree has successfully raised a total of $544.92K through 1 strategic funding round. The most recent funding activity was a Seed round of $544.92 thousand completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $544,924
- Total Rounds 1
- Last Round Seed — $544,924
- First Round $544,924
(Dec 2019)
- Investors Count 1
All 1 funding rounds of Mastree with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $544,924 | Seed | $2.82M | Blume Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2019 | $2.82M | •••••••• |
Last known valuation $2.82M (Dec 2019). 2 investors in total: 2 institutional.
Investors in Mastree
Mastree has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Unacademy and Blume Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Online educational resources and courses for exam preparation are provided. | 2015 | unacademy.com | Bengaluru, India |
Investor details for Mastree
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Mastree
The boards of the 2 registered companies of Mastree currently have 8 directors; the longest-serving is Gaurav Munjal, appointed in 2015. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Munjal DIN 06575810 | Director | 06 Aug 2015 | 11 yrs 3 mo | Sorting Hat Technologies Private Limited |
| Roman Saini DIN 07696873 | Director | 20 Jan 2017 | 9 yrs 9 mo | Sorting Hat Technologies Private Limited |
| Bhavin Mahendra Turakhia DIN 00133351 | Director | 12 Feb 2018 | 8 yrs 9 mo | Sorting Hat Technologies Private Limited |
| Shantanu Rastogi DIN 06732021 | Nominee Director | 18 Mar 2020 | 6 yrs 7 mo | Sorting Hat Technologies Private Limited |
| Sujeet Kumar DIN 05244077 | Director | 18 Jun 2020 | 6 yrs 4 mo | Sorting Hat Technologies Private Limited |
| Sumer Juneja DIN 08343545 | Nominee Director | 28 Sep 2020 | 6 yrs 1 mo | Sorting Hat Technologies Private Limited |
| Abhishek Pipara DIN 08996985 | Director | 01 Feb 2021 | 5 yrs 9 mo | Ono Labs Private Limited |
| Sumit Jain DIN 02122751 | Director | 14 Jun 2024 | 2 yrs 5 mo | Sorting Hat Technologies Private Limited, Ono Labs Private Limited |
Financials of Mastree
Figures of Sorting Hat Technologies Private Limited, the primary company behind Mastree, for FY 2025. Revenue was ₹455 Cr (-16% year on year). Net loss was -₹435 Cr (-62% margin). EBITDA was -₹305 Cr (-43% margin). Revenue has grown at a compounded annual rate of -1% over three years and +52% over five years.
- ₹455 CrRevenue · FY 2025 · -16% YoY
- -₹435 CrNet loss · -62% margin
- -₹305 CrEBITDA · -43% margin
- ₹27.06 CrPaid-up capital
- 1,440Employees (provident fund records)
- -1%Revenue CAGR, 3 years
- +52%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sorting Hat Technologies Private Limited are on its company page.
Detailed financial statements for Mastree
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Mastree
4 dated milestones of Mastree across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Mastree is founded.
- Funding First funding round of $545K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Unacademy.
Top companies in Corporate & Professional Learning Platforms
2 companies that operate in the same segment as Mastree (Corporate & Professional Learning Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Professional certification training courses are provided via an online platform. | 2015 | Mumbai, Maharashtra, India | USD 371.77 M | USD 208.24 M | 6,673 | |
Vernacular-based hyperlocal platform for online programming mentoring is developed. | 2014 | Chennai, Tamil Nadu, India | USD 3.9 M | USD 4.13 M | 496 |
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Related news about Mastree
Complete news archive for Mastree
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Frequently Asked Questions about Mastree
Mastree was founded in 2019.
Mastree is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mastree is a funded company, having raised a total of $544.92K across 1 funding round to date. The company's 1st funding round was a Seed of $544.92K, raised on Dec 2019.
Mastree has 3,202 employees.
Annual revenue of Mastree is $119.42M as on Mar 31, 2024.
Mastree was founded in 2019 in Bengaluru, India, within the edtech sector. Online instructor-led classes in English are provided through the platform, with a focus on communication courses designed to improve speaking abilities among children. Operations are centered on virtual learning sessions, accessible via the domain mastree.com, serving users primarily in India.
Mastree has 2 investors. Key investors include Unacademy, and Blume Ventures.
The valuation of Mastree is $2.82M as of Dec 2019.
Mastree is associated with 2 legal entities: Sorting Hat Technologies Private Limited, Ono Labs Private Limited.
Yes. Mastree was acquired by Unacademy in July 2020.
The legal entities of Mastree currently have 9 directors, including Sumit Jain, Sumer Juneja, Sujeet Kumar and others.