Exprto (Round Closed)
Online Mentorship Community
Official Website
Reports and Documents
₹ 8.30Cr.
Total Round Size
CCPS
Mode
₹ 5.80Cr.
Open for SAN Angels
₹ 37.3 - 66.33Cr.
(Floor) - (Cap)
Valuation
Company Overview
Exprto is a full-stack career mentorship platform, a student & professional experience platform for inclusive mentoring, networking and skill development. It addresses the problem of discovery and access to the right mentor, personalized learning and quality and standardization by empowering students and professionals to find top mentors for their career guidance and mentoring using our proprietary mentor recommendation engine.
About the Opportunity
USP
Exprto’s automated matching engine, which vets the profile of mentees and mentors and matches based on factors like language, career goals, skills, and location. The AI capabilities provide valuable analytics and insights to both mentees and mentors, allowing them to track progress, identify areas for improvement, and make data-driven decisions by always ensuring that mentees are paired with mentors who are most suitable for their specific career goals and needs.
Growth
- It has registered a 3.5X growth in revenue in the last 9 months with 105K monthly active mentees.
- 800+ registered mentors & 62k+ community registrations.
- Increasing ARPU from INR 1,600 to INR 5,900.
Founders
- Founders team consists of seasoned entrepreneurs & business leaders who come from a background of IIT-KGP and VIT.
- The core team has a combined experience of 50+ years in product, marketing, operations and scaling B2B & B2C businesses.
- Founders have previously built a profitable Ed-tech company with INR 350Cr GMV, serving 800K+ students.
- The company have marquee investors and advisors on the board including the likes of Arvind Sanka, Co-founder at Rapido; Rahul Jaimini, Co-founder, Swiggy; Ankur Aggarwal, Co-founder, Dunzo amongst others.
Revenue model
- 1-on-1 sessions & group sessions. Subscription packages for 1 month, 3 months, 6 months, 12 months and 24 months.
- More than 70% of mentees on the platform have subscribed to packages upwards of 3 months and 55% of the mentees have subscribed for 6 months and above plans.
Market Opportunity and Traction
- Exprto operates in the global career and education counselling market, which presents an INR 2700Billion opportunity, growing at a 9.63% CAGR. Their focus is on enabling comprehensive growth and talent development experiences.
- They initially target the 24.3 million students graduating high school who seek mentorship to enter colleges.
- They reported a Monthly Recurring Revenue (MRR) of INR 13.5Lakhs, with a 3.5x revenue growth in the past 8 months. They have achieved a gross margin of 74% and an 80% reduction in net burn, anticipating profitability in 8 months.
- They have 105k+ monthly active mentees on the platform with 89% retention.
Previous Rounds Details
- We raised our last round in April’22 of INR 5Cr at a post-money valuation of INR 37.3Cr. Our existing investors have committed 30% of the current round and the lead shall confirm the round contours.
Current Round Details
- Total Round Size: INR 8.30Cr.
- Open for SAN Angels: INR 5.80Cr.
- Minimum Ticket Size: INR 5Lakhs.
- Valuation: INR 37.3 (Floor) & INR 66.33Cr (Cap)
- Mode (CCPS/Equity): CCPS
- Details of commitment received for this round: INR 2.48Cr from Existing Investors which includes Kube VC, GSF India, Agility Ventures and Lets Venture.