Established in 2019, Maytree school of entrepreneurship is an educational platform in Patna, Bihar. The founder of the platform Mr. Rohit Kashyap with founding member Mr. Utkarsh Mishra were at a loss of answers for the bucket full of questions he had in mind. Just like every entrepreneur in the world at the beginning, he was looking for the answers to those questions.
Even while having only a foggy outline of answers, he had the most clarity about one thing, which was the traditional business education model doesn’t make sense anymore and has become obsolete.
With the mission to democratize business education and help thousands of students as well as professionals to achieve their goals without having to invest the time and money required for a typical MBA, the team of Maytree school of education began the hustle.
Thousands of students and professionals from more than twenty countries have connected with the Maytree school of entrepreneurship. As per the institute, 92 percent of small business owners agree that mentors have a direct on the growth and survival of their ventures. However, 90 percent of startups shut down within five years of their launch due to a lack of mentorship and planning.
Maytree school of entrepreneurship provides quality mentorship from founders and top executives in the ecosystem. Some mentors of their Patna-based academy ate Arunabh Sharma, founder of laundry chain Unclean; Shashank Kumar the founder of Agritech startup DeHaat; supreme court lawyer and Cornell University alumnus Aditya Shabksar; and Yuvraj Bhardwaj, Co-founder of zenith vipers. Along with that, the core team members including Mr. Shivam Kumar
The Story Behind Maytree school of entrepreneurship
When Rohit dropped out of school in 7th standard due to his family’s financial struggles. He then registered himself under the Bihar School Examination Board. Alongside, he started exploring interests such as entrepreneurship, cleared the CA Foundation exam, and ranked among the top 1,000 in the ICAI Commerce Wizard. He also won several science and maths Olympiads.
At 14, Rohit founded the Foodtech startup Foodcubo with his childhood friend Utkarsh in 2016. It served more than 10,000 customers and was acquired for an undisclosed amount in 2018 by a global platform.
Rather than enrolling in a regular college, Rohit opted for open learning and continued pursuing his passion for startups. He also taught himself coding, started developing software for clients, and then co-founded several ventures.
Simultaneously, he became an influencer on the question and answer portal Quora and started blogging about entrepreneurship. “In less than six months I got a good user base, with 10 million views on my content,” he says. “People were interested in entrepreneurship and startups, but they faced a lot of problems while starting up because of lack of proper mentorship. That spurred him to help first-time entrepreneurs. What started as a personal initiative in 2019, with Rohit helping people on phone calls, took the form of the full-fledged venture, Maytree, in 2020.
Patna was a natural choice for Rohit as he has been based there as an entrepreneur for five years and is well aware of the problems faced by startups in Tier-II and Tier-III towns.
Building a culture
Since its inception, Maytree has mentored more than 1,200 students worldwide and incubated more than 50 revenue-generating startups.
The institute has helped startups like MagTapp, AryaGoCab, and Bhavesh Pharmaceutical to grow from scratch. Maytree charges upfront Rs 5,000 and above for its group mentorship and one-on-one mentorship programs, and accepts an additional fee if a startup needs more help and collaboration in the future.
The academy also takes small equity in some startups that varies from company to company, says Rohit.
With around 700 paid customers, more than 50 tie-ups, and sharing equity partnerships in 13 startups, the academy owns only up to five percent equity depending upon the assistance they provide
The mentoring startup has clocked revenue of Rs 1 crore so far in the current fiscal. Although Rohit acknowledges many government and private organizations are direct or indirect competitors of Maytree, he says his venture is “setting the culture instead of being just a platform”.
Funding and plans
Maytree is bootstrapped, with around Rs 40 lakh having been invested into it so far.
Rohit says he would also welcome strategic investors, who can support his aim to help more than 50 startups reach at least a $10 million valuation each in the next five years.
As word of mouth has brought mentees, Rohit says he has not felt the need to advertise his startup. Maytree is also planning to collaborate with the government to teach entrepreneurship at the panchayat level
To connect with Maytree school of entrepreneurship, visit https://maytreeschool.com/