Edtech startup Expertrons has raised $2.3 Mn in Pre Series A funding from Venture Catalysts, Auxano Capital, Venture Garage, Yoga Capital, Ah!Ventures, Leads Angels and Hyderabad Angels.
Existing investors LetsVenture, Ivycap Ventures, IVS, and Sixth Sense’s MD Nikhil Vora also participated in the round. Besides, marquee entrepreneurs like MakerBot’s cofounder Bre Pettis and Early Salary cofounders Ashish Goyal and Akshay Mehrotra participated in the round.
The Pre Series A round comes after the edtech startup raised an undisclosed amount from IvyCap Ventures, Iceland Venture Studio, and Sarcha Advisors in November 2020. Prior to this, it had raised a seed amount of $700 K in April 2020 from LetsVenture, Ivycap Ventures, Iceland Venture Studios & Nikhil Vora.
Founded in 2019 by Jatin Solanki, Expertrons offers an AI videobot technology platform that provides communication, hiring and placement solutions for businesses and educational institutions as well as edtech and career guidance services for end-consumers.
The funds raised will be invested in the startup’s patent-pending videobot technology and recommendation engine to help aspirants find the right experts suitable to land them a dream opportunity.
According to a Mckinsey report, over 60 Mn new workers will enter the workforce by 2030.
Solanki said, “Professionals don’t want to click on ‘connect’ and wait or hope for someone to help them, or write an email and still wait for the right guidance. Neither do they want to read an anonymous career experience on Glassdoor which may be from different geography and not relevant to them. Videobots are the solution to the ever-growing digital dependence of the world and have applications in virtually every area of business.”
The startup claims to have witnessed a 70x growth over the last year and has been growing 50% m-o-m. The startup posits it has partnered with over 2000 companies and 100+ colleges.
India’s edtech space is set to grow 3.7x. The market, which is currently valued at $3.6 Bn, will be growing 39% to $10.4 Bn by 2025, an Inc42 report states. The edtech space is saturated with unicorns like Unacademy, Upgrad, Byju’s, and Eruditus.
Expertrons claim it lies in the middle of social networks — like Bytedance, Linkedin or Facebook, job portals — like Indeed, Monster or Naukri, and e-learning platforms — like Coursera, Udemy or Chegg).