Total amount raised
$1.2 Million
Latest funding date
April, 2022
Location
Expertia AI has successfully raised $1.2 million over two funding rounds, attracting significant interest from prominent investors. The platform leverages AI and NLP to revolutionize the hiring process, serving over 5000 companies and 1 million professionals in India.
Keep reading to explore the intricacies of Expertia AI's fundraising journey and the investors backing this innovative platform.
What Is Expertia AI?
Expertia AI, founded in 2021, is a deep-tech SaaS platform based in India, with offices in Bengaluru and Delhi. The company leverages AI and NLP to enhance the hiring process, making it more efficient and effective.
Co-founded by Kanishk Shukla, Expertia AI serves over 5000 companies and 1 million professionals. The platform is designed to act as a talent and career advisor, streamlining recruitment for businesses.
With a team of 11-50 employees, Expertia AI is actively hiring and continues to grow. The company is backed by investors like Chiratae Ventures, Endiya Partners, and Entrepreneurs First.
How Much Funding Has Expertia AI Raised?
- Pre-Seed Round
- Amount Raised: $440,000 (shared among eight startups)
- Date: March 2021
- Lead Investors: Entrepreneur First
- Valuation at Round: $550,000
- Motivation Behind the Round: To support early-stage development, including building a prototype and initial team formation.
- Seed Round
- Amount Raised: $1,200,000
- Date: April 2022
- Lead Investors: Chiratae Ventures, Endiya Partners
- Motivation Behind the Round: To assemble a team of AI researchers and software engineers, and to create brand and product awareness in the Indian market.
Total Amount Raised: $1,640,000
Current Valuation: $550,000 (~estimated)
Key Investors
- Chiratae Ventures
- Details: Chiratae Ventures is a venture capital firm that invests in early-stage technology companies in India. Founded in 2006, it has supported over 100 startups.
- Investment Focus Areas: Consumer media, deep tech, enterprise software, health tech
- Notable Investments: Myntra, Lenskart, CureFit
- Endiya Partners
- Details: Endiya Partners is an early-stage venture capital firm that invests in IP-led Indian product startups. Established in 2015, it focuses on technology-driven companies.
- Investment Focus Areas: Healthcare, enterprise software, consumer technology
- Notable Investments: SigTuple, Darwinbox, Kissht
- Entrepreneurs First
- Details: Entrepreneurs First is a global talent investor that supports individuals in building technology companies from scratch. Founded in 2011, it has built over 300 startups worldwide.
- Investment Focus Areas: Deep tech, software, AI
- Notable Investments: Tractable, Cleo, OpenCosmos
- Archana Priyadarshini
- Details: Archana Priyadarshini is an angel investor with a focus on early-stage technology startups. She has a background in venture capital and has supported numerous startups in India.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Not specified
What's Next for Expertia AI?
Expertia AI stands at the cusp of significant growth, with plans to expand job board integrations from 25 to 100 and improve talent recommendation accuracy. This positions the company to capture a slice of the $500 billion global recruitment market. The increasing use of AI in recruitment and the demand for efficient HRTech solutions provide a fertile ground for Expertia AI's expansion.
Future fundraising opportunities seem promising as the company continues to innovate and scale. However, challenges such as competition from other AI-driven platforms and maintaining the accuracy of their algorithms could pose hurdles. Navigating these challenges will be crucial for Expertia AI's sustained growth and market presence.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Expertia AI and gather other critical business insights. Sign up for free today and elevate your sales strategy with the power of data-driven insights.
