Ending Soon! Save 33% on All Access

Mentor Match Raises $1 Million In Pre-Seed Round Funding Funds will be used to build out founding teams across tech, marketing and operations departments

By Akshit Pushkarna

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Edtech startup Mentor Match secured $1 million in pre-Seed round of funding. The investment was made by US-based seed stage venture fund Sapient Fund. The self-study platform which helps students of classes 8-12 connect with peers to facilitate learning was founded in 2020 by architecture graduates, Rohit Raheja (CEO), Sachit Dugar (COO) and Rayhaan Shaik (CMO).

Sapient Fund currently works with entrepreneurs and startups in cyber security, data-driven decision science, AI/ML areas. On the investment, Karthik Sundaram, CEO, Sapient Fund, said, "The team at Mentor Match is constantly having its ear-to-the-ground and innovates at ridiculous speed. We believe they will continually disrupt the learning industry and are already proving it with their fanatical client base--a reason why Sapient chose to invest in them."

The edtech company currently employees about 50 people. Raheja said the funding will help them build out founding teams across tech, marketing and operations departments, openings of which have been posted on the company website already. The funding will also allow them to offer competitive salaries and ESOP packages to the workforce.

Mentor match is a relatively new entrant in the competitive edtech space and has work cut out for it. In 2021, edtech was the third most funded sector in India, raising $4.7 billion in funding.

While the sector is seeing emerging players and has seen continuous expansion in the past two years, Mentor Match has identified a unique angle in virtual learning which they hope to build upon. Dugar, the COO, said: "While studying, students face a lot of doubts either in understanding concepts or solving questions that are not cleared in real-time because they don't have access to teachers at home and resources on the internet are uploaded for masses not as per the requirement of an individual. The doubt clearance apps which exist today are text/video-based and lack personal attention."

Akshit Pushkarna

Features Writer

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Business News

Scarlett Johansson 'Shocked' That OpenAI Used a Voice 'So Eerily Similar' to Hers After Already Telling the Company 'No'

Johansson asked OpenAI how they created the AI voice that her "closest friends and news outlets could not tell the difference."

Cryptocurrency / Blockchain

The 50 Richest People in Crypto

The richest cryptocurrency holders.

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.