There's a new and rapidly growing trend in upskilling — income sharing agreement (ISA). These are training and skilling programmes that take a fee from you only when you get a job, usually with a guaranteed income threshold. Pesto is a startup that is pioneering the concept in India. It conducts a three-month boot camp in Delhi for software engineers.
Having graduated from a tier-3 engineering college from north India, Shalini Tyagi, 23, found herself in a coding job, making Rs 3 lakh per annum. One day on LinkedIn, she came across Pesto Tech, a learning startup that made an irresistible promise — it could make her salary grow 500%. While the claim seemed tall, she felt reassured by
tech companies overseas, keep the curriculum updated and refined, individualise learning strategies, collect feedback from deployed graduates and calibrate continuously. Pesto has received funding from Ritesh Malik, founder, Innov8; Matrix Partners India; Ashish Tulsian, founder, POSist; Swiggy founders Sriharsha Majety, Nandan Reddy and Jaimini; Vinod Sood, MD, Hughes Systique; David Hudson, cofounder, WorkLove; and Cindy Bi, founder partner, Zillionize.