Get All Access for $5/mo

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

Former Features Writer

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Marketing

Your Most Powerful Marketing Weapon Is Hiding in the Finance Department — Here's Why

Transform your marketing leadership by turning finance from a barrier into a strategic ally. Learn how aligning with your finance team can drive unprecedented growth and innovation.

Starting a Business

They Bought an Ice Cream Truck Off eBay for $5,000. Now Their Company Has 70 Shops and Sells Treats in Over 12,000 Stores.

For the episode of "The Founder CEO," the co-founder and CEO of Van Leeuwen Ice Cream explains how one ice cream truck grew into a successful nationwide brand.

Business News

Meta Makes $1 Million Dollar Donation to Donald Trump's Inaugural Fund

Meta CEO Mark Zuckerberg also reportedly gave Trump a pair of Ray-Ban Meta smart glasses.

Growing a Business

How Connecting With the Right Audience Drives Long-Term Business Success

Here's how targeted lead generation can help you unlock higher conversions, stronger brand loyalty and scalable growth.