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Mentoria funding

mentoria funding

Mentoria, a career discovery platform has raised Rs 1.5 crore in a pre-Series A round of funding from Indian Angel Network (IAN).  

Marquee investors, including Jayant Mehrotra, who recently retired as CFO, Lodha Group, and Pradeep Jaisingh, Chairman, HealthStart India also participated in the round. 

The Mumbai-based startup plans to use the freshly raised funds to scale up its technology and product, marketing efforts, and create career communities on the platform. 

The startup is also looking at designing new products, gamifying their content, and building customized information pathways that help both students and working professionals understand what is needed to get into their desired careers. 

The Co-founder and CEO Nikhar Arora said, “Most students, in India and globally, end up in courses and careers they will later detest/be suboptimal in. We believe that India’s potential demographic dividend might turn into a disaster if square pegs continue being forced into round holes. 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,” Nikhar added. 

Established in 2015 by Nikhar Arora, Dr. Ashish Arora, and Juie Divecha, Mentoria claims to have 12,000+ career options available today. The platform uses Artificial Intelligence to recommend a list of suitable career paths for a user based on their psychometric assessment results. 

This is followed by an online career counseling session with qualified career counselors, and access to Mentoria’s Knowledge Gateway with information on over 850 different careers, 3,000+ colleges and universities, and 100+ hours of mentorship content from experts and professionals across careers/industries. 

Jayant Mehrotra, Lead Investor at Indian Angel Network said, “With over 12,000 career options available today and 800 million jobs forecasted to vanish by 2030 due to automation, artificial intelligence, and virtual reality, it becomes overwhelming, extremely challenging, and stressful for any individual to make his or her career choice. Using AI, Mentoria will play a game-changing role in mentoring and guiding millions to step into a career they’re passionate about.” 

The startup has to date facilitated 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 career-ready. 

The company recorded a 4X growth over FY ’20-21, despite the ongoing pandemic. They have also created a community of 250+ counselors and ‘counsellorpreneurs’ — counselors looking to build/scale their own business using Mentoria’s tools through their mobile application.

Mentoria has created an amazing platform for students and professionals to help them discover and pursue their desired careers. The company will surely have immense growth opportunities in the time to come. My best wishes to the team of Mentoria.

Shishir Gupta, Founder and CEO, StartupLanes

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