Tuesday, December 12, 2023
HomeInsightFunding Alert MentorKart Secures USD 250K Funding led by Realtime (RTAF) & TiE...

[Funding alert] MentorKart Secures USD 250K Funding led by Realtime (RTAF) & TiE Angels (India)

CareerTech platform MentorKart®, today unveiled that it has raised $250K from Realtime (RTAF) and Tie Angel India. MentoKart solves a major challenge for corporate clients to source, screen, and skill/develop candidates for roles across functions.

Mentorkart operates academies on its platform for businesses with the goal of preparing new hires for the workforce and helping them perform at their best right away.

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Mahavir Pratap Sharma, Chair TIA is very optimistic about TIA’s investment in MentorKart for two reasons – The skilling with outcome for the youth of today and the GTM strategy of MentorKart are absolutely path-breaking and will take the start-up to great heights.

“MentorKart is on a mission to address a dual challenge, catering to the needs of both employers and ambitious young professionals. The company is also taking bold steps to incorporate Generative AI technology into its platform, enabling scalable acquisition, engagement, and monetization,”- Ashish Khare, Founder & CEO, MentorKart.

To date, MentorKart has raised $500K from Realtime (RTAF), Lets Venture, Startup Buddy, and others.

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With these funds, MentorKart intends to increase its customer base and reach out to aspiring professionals in Tier 2 and Tier 3 cities who are looking to launch their careers in a variety of industries.

“We’re thrilled to invest in MentorKart’s ambitious vision. Their dual-focus approach addresses both corporate skilling demands and the aspirations of young professionals from every corner of our country. By leveraging Generative AI, MentorKart is set to redefine how talent acquisition, engagement, and upskilling is approached. Their drive to tap into Tier 2 and 3 markets aligns with Realtime’s commitment to empowering the future of our workforce. We believe this funding will propel MentorKart to new heights, creating a more job-ready generation and bridging the industry-academia gap,” – Pranay Mathur, Partner & CEO, Realtime (RTAF).

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In a steadfast commitment to fostering national and regional inclusivity, the company has forged several strategic alliances, MentorKart has successfully onboarded over 100+ partners in Tier 2 and Tier 3 cities across various states, with ambitious plans to bolster this number to 500+ within the next few months.

About MentorKart

The main goals of MentorKart are to inspire positive life changes and forge successful careers. Their goal is to bridge the gap between untapped talent and promising opportunities through a radical transformation of the job and skill development landscape. MentorKart stands out in a crowded market thanks to its unique strategy of harmonizing the entire employability ecosystem.

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MentorKart continues to be unwavering in its commitment to directly facilitate employment for over 5,000+ young people in the upcoming months, driven by a product-centric growth strategy. Additionally, they want to empower and upskill more than 100,000 students, which will help their user base on the MentorKart platform surpass 1 million.