Indian IT Startup Pesto helps career as a Global Software Engineer
Founded in 2018, Pesto Tech, a Delhi-based EdTech (combining Education and Technology) startup, supports software engineers in India offering intensive training programs for borderless employment opportunities beyond India.
Ayush Jaiswal and Andrew Linfoot, who dropped out of college, have begun to raise seed funding from Matrix Partners, the founder of Swiggy, etc., and now Pesto operates on a *income distribution contract model for students and available to anyone in the country without prepayment.
*The income distribution contract is a new contract model for educational institutions and students. A contract where payment of tuition fees does not occur and payment is made at a predetermined rate from salary for a certain period after graduation.
The income distribution agreement stipulates that Pesto graduates will pay 17% of their income (depending on the nature of the program) to more than double their final salary during the first three years of their career.
Pesto's aim is to bridge the gap between Indian engineers' skill needs with world-class technical and software skills training. Also extending India's software capabilities to global standards and raising salaries to global standard prices. The top graduates have received offers of Rs 720,000, Rs 600,000 and Rs 450,000.
(Approximately 1.5 rupees (exchange rate as of February 1, 2020), 720,000 rupees ≒ approx.1,080,000 yen)
Through 12 weeks of short-term intensive programming, improving software engineering in India. Intensive training programs help Indian software engineers gain international technology careers through full-time remote work. Also support young people from *Tier II and III towns and remote areas, hone their skills and abilities, and provide them with the opportunity to compete with top Indian colleges as well as the best software engineers around the world.
*Tier 1 = cities with a population of 4 million or more (Delhi, Mumbai, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune, etc.), Tier 2 = cities with a population of 1 million to less than 4 million (Kanpur, Surat) , Jaipur, etc.), Tier 3 = City with a population of 500,000 to less than 1 million
Pesto instructors are skilled engineers with extensive product development experience, dedicated and full-time support. Instructors not only teach software development but also develop curriculum, including filling cultural gaps.
Committed to accelerating India's software engineering career, Pesto is said to be working on building software tools that automate how applicants are selected.
It is said to have received more than 10,000 applications so far.