Expertrons raises fresh funds; acquihires Foxmula

AI videobot edtech startup Expertrons has raised a strategic round of funding from Shine.com's parent company Hindustan Media Ventures Ltd (HMVL). The funding also saw participation from Echjay Family office, Amar Ujala, and existing investors like Ivycap Ventures, Iceland Venture Studio, Venture Catalysts, Ah Ventures, and others.

In September 2021, the Mumbai-based startup had raised undisclosed capital from Kunal Shah and Anant Maheshwari.

The recent funding will be used for product development, SEO initiatives, and overall growth, enabling it to reach more professionals globally, Expertrons said in a press release.

Founded in 2019 by Jatin Solanki and Vivek Gupta, Expertrons connects users with over 7,500 Experts from renowned companies like Amazon, Accenture, TCS, and Kotak Mahindra. Through videobot, these experts share real-life career experiences, offering invaluable knowledge and strategies for cracking top jobs, internships, and business schools.

The startup uses AI-powered recommendations to provide users with relevant videobots based on their backgrounds, college, domain of interest, and company preferences. 

In addition to the fundraise, Expertrons has also announced the acqui-hiring of Foxmula, an upskilling company founded by Ayush Bansal. Foxmula claims to have a track record of catering to over 10,000 aspirants through its live and self-paced programs, which are certified by Microsoft, Intuit, Pearson, and others.