Expertrons raises funds

Expertons raises funds

 

Expertrons has over 5,000 experts sharing their videobot career experiences to land an opportunity with BCG, Google, Facebook, TCS, IIM, ISB, HBS and many more.

Professional growth focussed AI videobot startup Expertrons has raised USD 330K out of the current USD 2.3MN Pre-Series A round from ah! Ventures Angel Platform and others including Chandigarh Angels Network, Neev Angels and Hem Angels. Other investors except ah! Ventures participating in this USD 2.3 MN pre series A round include Venture Catalysts, Auxano Entrepreneur Trust, Venture Garage, Yoga Capital and Lead Angels.

Expertrons had earlier raised its seed round of $700,000 in April 2020 which saw participation from LetsVenture, Ivycap Ventures, Iceland venture studios (who made their first investment in India with Expertrons and now plan an India focussed fund too) & Nikhil Vora (MD, Sixth Sense) who participated in this round as well. Expertrons, which witnessed a 40x growth during the pandemic is founded by IIT-B Alumni & serial ed tech entrepreneurs Jatin Solanki, who had earlier founded India’s largest gamified Edu-platform – Stepapp EduisFun (backed by Amitabh Bacchan) and Vivek Gupta, who earlier founded Plancess a test-preparation company which was acquired by a publicly listed education company.

Globally over a billion professionals will look to switch their careers at least 5 to 7 times in their lifetime, and Expertrons aims to help them land their dream career through its expert and company network. In India alone, there are over 35 million aspirants in colleges and universities looking for a dream job, internship or B-school and over 80 million white collar professionals with less than three years of experience looking for career growth.

“Professionals don’t want to click on ‘connect’ – and wait 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 a 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 demand is evident; we’ve been growing 50% m-o-m!“ says Jatin Solanki, Co-founder, Expertrons.

Parth Vanjara, Venture Partner, ah! Ventures said “Expertrons is a unique platform, where experts share their experience and Ideas with Students and professionals which helps them to get a dream opportunity. The Platform allows easy access to mentors across industries and across hierarchy, who can guide and support the students and professionals in building their career. The patented Video Bot Technology is integrated in such a manner, that gives users a feel of live interaction with their mentors and experts. The vision of Founders is clear towards empowering youth and professionals shaping their career to make better decisions with help of experts. The Largest Library of career Experience with uniquely designed content using AI and video bot technology, allows Expertrons to race ahead of Direct or Indirect Competition. The Market potential is huge and with current tractions and market reach, Expertrons can easily multiply its revenue and customer base in India and Internationally.”

Currently, Expertrons has over 5,000 experts sharing their videobot career experiences to land an opportunity with BCG, Google, Facebook, TCS, IIM, ISB, HBS and many more. Professionals have spent over 100 million minutes on their platform. Within 14 months of incorporation, Expertrons reached operational profitability besides inspiring over 250,000 aspirants from their platform.

Expertrons also has 2,000+ partner companies to whom they provide pre-trained, ready to join candidates, at no hiring cost. For it’s 100+ college partners, Expertrons acts as a virtual alumni/placement cell, with their experts and company network. Through it’s premium offering Expertrons has placed candidates who are not only from tier 2 colleges or cities but even alumni of premier institutes like JBIMS, IITs, and more. Close to 40% of their paid users are people looking for a switch.

The 200+ strong team plans to direct the latest fund-raise towards expanding their expert network – leveraging product led growth & influencer marketing. “Part of the fundraise will also be invested in their patent pending videobot technology and recommendation engine to help aspirants find the right Experts suitable to land them a dream opportunity. We are confident that this timely injection of capital will help us bridge the technological gap further by empowering countless students and their professional ambitions” says Vivek Gupta, Co-founder, Expertrons.

The lifelong learning and executive education space has started seeing more than ever unicorns in India with Unacademy, Upgrad and Eruditus joining the club recently. Expertrons lie right in the middle of social networks (like Bytedance, Linkedin or Facebook), job portals (like Indeed, Monsteror Naukri) and e-learning platforms (like Coursera, Udemy or Chegg). Given the fact that the pandemic has brought plenty of momentum for edtech adoption in India, the market size of edtechin India is estimated to grow 3.7x in the next five years, from $2.8 Bn (2020) to $10.4 Bn (2025).

This is ah! Ventures’ 21st investment in 2021 and 5 more investments will be announced shortly. This takes ah! Ventures’ total investment portfolio to INR 224 CR (~30 MN USD) with 84 investments in 67 startups and 11 exits till date (and 2 more exits in process).