Enterprise Upskilling Startup Expertrons Bags Funding From HT, Acqui-Hires Foxmula

Skill development startup Expertrons raised an undisclosed amount of strategic round of funding from Hindustan Media Ventures with participation from the Echjay Family office and Amar Ujala. 

Existing investors Ivycap Ventures, Iceland Venture Studio, Venture Catalysts and Ah Ventures, among others, also participated in the funding round. In addition to the funding, the startup has also acqui-hired Bengaluru-based HRTech platform Foxmula.

Expertrons plans to deploy the incoming funding in product development and overall growth, enabling the startup to reach more professionals. The startup raised $2.3 Mn in 2021 and an undisclosed amount in 2020 from IvyCap Ventures.

Founded in 2019 by Jatin Solanki and Vivek Gupta, Expertrons aims to democratise career insights with a patent-pending videobot technology platform that connects users with 7,500+ experts from companies like Amazon, Accenture, TCS and Kotak Mahindra. Experts from these companies share career experiences, knowledge and skills to crack interviews and internships.

The startup leverages AI-powered recommendations to provide users with its patent-pending videobots based on their areas of interest and company preferences. Expertrons also allows users to schedule one-on-one calls with experts for guidance tailored to their career aspirations.

Commenting on the platform’s utilities, Expertrons’ cofounder Vivek Gupta said that their goal is to act as a catalyst for the growth of over a billion professionals worldwide and support them through multiple career transitions throughout their lives. 

To this, cofounder Jatin Solanki added, “The content strategy will enable career experiences of experts on Expertrons to reach a wider audience. Shine’s vast user base is ideal for Expertrons, making career success a reality for countless professionals.”

Skill development is one of the biggest edtech subsectors in India, set to become a $2.5 Bn market opportunity by 2030, according to Inc42’s ‘Inside India’s $29 Bn+ Edtech Opportunity’ report. 

Some of the recent funding rounds in the segment include Disprz’s $30 Mn Series C funding round led by Lumos Capital and upGrad’s $36.5 Mn funding via rights issue earlier this year.

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