Expertrons, a Mumbai-based AI video bot platform for career hacks, has raised capital in its seed funding round from Nikhil Vora, MD of Sixth Sense Venture, Iceland Venture Studio, LetsVenture, and Samyakth Capital. In this seed funding round a few other angel investors were involved such as — Rohit Chanana, Partner at Sarcha Advisors; SumitChhazed, the co-founder of OTO Capital; and Dr.SukantaGanguly, the President & Board of Directors at ClickIPO.
The company plans to use this latest funding to enhance its tech capabilities and expand its product offerings to enable organisations with its video bots.
The funding has come at a time when the global lockdown due to COVID-19 has triggered a significant rise in the need for upskilling professionals.
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The startup is founded by IIT Bombay alumni – Vivek Gupta and Jatin Solanki, with over eight years’ experience in education technology. Solanki’s previous venture was StepAppEduisfun, India’s largest gamified learning platform which served over a million students in the K-12 domain while Gupta’s previous venture Plancess, a test preparation company, was acquired by a public listed ed-tech company.
Vivek Gupta, the co-founder of Expertrons, said, “The company is essentially Netflix for career hacks. We founded it with the vision to reimagining career decisions for the 1.87 billion professionals globally who change their careers 5 to 7 times in their lifetime.”
According to company’s release — Expertrons already has the most extensive library of career experiences with over 12,000 minutes of video bots of 550+ experts who are pursuing a dream career at top firms like BCG, Google, One Plus, Morgan Stanley, Pepsi (Mexico), Rakuten (Japan) or even recent graduates from top B Schools like IIMs, ISBs, or Harvard.
While these ‘experts’ are busy working or studying, their video bots can train millions of aspirants. Users can talk to the video bots of experts to get precise first-hand career hack experience by asking questions.
“Expertrons’ deep tech AI recommendation engine based on numerous data points personalises the best-suited experts and career options for aspirants. After the unique video bot interaction, experts get a lifetime earning opportunity via referral bonus and one on one consultations to interested aspirants,” said Jatin Solanki, co-founder, Expertrons.
The release further stated — in India, 30 million youngsters are completing their higher education and spending close to $5000 for it – all aimed at getting a dream career opportunity. A majority of these aspirants are first-generation graduates with no one in their circle to guide them on their career choices. Expertrons bridges this last mile gap to help students and professionals make the right career decisions.
“Expertrons was a compelling deep tech for investors on the LetsVenture platform interested in ed-tech and allied verticals, jobs and professional networks. While the focus today is on career guidance, the core AI video bot technology could have some good parallel applications in large markets,” said Sunitha KR, Director, LetsVenture.
According to Nikhil Vora, MD, Sixth Sense Ventures “Expertrons is solving a relevant problem. It’s a space that is very fragmented where every aspirant would like to do better professionally. Expertrons bring consolidation to the same in an innovative way that has the potential to go extremely viral. And the cherry on the cake is a strong team with both founders having run large organisations previously,”
When asked further, BalaKamallakharan, MD, IcelandVenture Studio, which has made its first investment in India with Expertrons said, “We are impressed with the Expertrons team and their focus on execution. We believe that the democratisation of access to mentor networks is a valuable tool for anyone, especially when we are continuously redefining the future of work and professional development. Anyone can learn it by connecting to a video bot technology that enables the scalability of the mentors.”
Besides being associated with 30+ colleges in India, Expertrons is amongst the top 3 startups globally to get selected for the TecLabs Accelerator, Mexico. As a part of which, they are doing a pilot with Mexico’s top university – Tec De Monterrey with 26 campuses, to help them boost admissions & placements. Expertrons was also awarded a special prize at Startup Masterclass, Pune conducted by IITK & IITD Alumni association.
Other than the career guidance application of their AI video bot technology, Expertrons is also developing use cases of their technology to drive sales, clear customer queries, generate leads and even internal training for organisations.