EdTech startup Mentoria said it has raised Rs 1.5 crore funding in a Pre-Series A round from Indian Angel Network (IAN). The round also saw participation from marquee investors, including Jayant Mehrotra, who recently retired as CFO, Lodha Group, and Pradeep Jaisingh, Chairman, HealthStart India.
The freshly infused capital will be used by the startup to scale up its technology and product, marketing efforts, and build career communities on the platform.
They are also looking at creating new products, gamifying their content, and building customized information pathways that enable both students and working professionals to understand what it takes to get into their shortlisted/envisioned careers, said the company.
Mentoria’s platform leverages Artificial Intelligence to suggest a list of ideal career paths for a user based on their psychometric assessment results. This is followed by an online career counselling session with trained and certified career counsellors.
Nikhar Arora said: “No amount of skill development or education can solve the problem of people choosing the wrong career or education path. So, through Mentoria, we are on a quest to transform India and, eventually, the world by enabling millions of people to make informed and ideal career decisions. We intend to create a platform that is the Google of Careers and we are glad to receive support from IAN and marquee investors who have become a part of our journey.”
Jayant Mehrotra, Lead Investor at Indian Angel Network said: “Using AI, Mentoria will play a game-changing role in mentoring and guiding millions to step into a career they’re passionate about. We are confident that Mentoria will help the youth in evaluating and identifying the right career options which will have a transformative impact on the happiness quotient of the individuals, their families, and the society at large. We wish Mentoria the very best.”
The startup said that it has so far enabled over 81,000 students/working professionals, 50+ corporates including Axis Bank, Aditya Birla Capital, L&T Technology Services, and more as well as 50 schools to become CareerReady.
The company claimed that it saw a 4X growth over FY’20-21, despite the ongoing pandemic.