MentorMyBoard (MMB), a pioneering platform dedicated to empowering board leaders and corporate boardrooms across India, is embarking on a significant new chapter in its growth story. With an ambitious funding round aimed at raising Rs. 5 crore, MMB is poised to enhance its offerings and expand its reach, solidifying its position as a leader in the governance tech space.
Founded by visionary leaders Divya Momaya and Divya Shah, MentorMyBoard has steadily evolved into a vital resource for directors seeking to navigate the complexities of corporate governance. “We’ve built a solid foundation over the past four years, focusing on curated learnings, strategic events, and a robust subscription-based platform,” says Momaya. “With this new round of funding, we’re ready to scale our operations and take our platform to the next level, delivering even more value to our community.”
The funds raised will be strategically allocated to build a world-class platform that supports the community of board leaders across India. This includes strengthening the leadership and sales teams, enhancing technological capabilities, and adding value through quality mentorship, connections, and opportunities. “Our goal is to train 1 lakh directors with the expertise of 1,000 mentors. This funding will allow us to make that vision a reality,” Momaya adds.
MentorMyBoard’s growth is underscored by impressive metrics: the platform boasts 2,600 active logins, has successfully held large-scale events like the Women Directors Conclave (WDC) 2022, and has attracted over 200 subscribed members and 90+ mentors. “We took the time to build our products, increase visibility, and establish ourselves in the market,” Momaya explains. “Now, we are fully prepared to drive business growth and scale our impact.”
The market opportunity for governance tech and mentorship platforms is vast, with an estimated 1.5 crore directors in India. MMB aims to capture 10% of this market, targeting 1.5 lakh top leaders while also exploring international opportunities. “The need for directors to understand their roles and responsibilities is more critical than ever,” says Momaya. “As India’s economy continues to grow, platforms like MentorMyBoard will play a crucial role in elevating corporate governance standards.”
In an increasingly competitive landscape, MMB differentiates itself through a unique value proposition that includes varied courses, a vibrant virtual community, digital platforms, publications, and one-on-one mentoring for board members. The platform’s approach combines technology with personalized mentorship, creating a comprehensive ecosystem that supports boardroom readiness and continuous learning.
“We’re in the process of complete automation, and our platform will soon include mobile apps for easy connectivity with mentors, as well as AI and machine learning-enabled features. This will revolutionize the way our users engage with governance and mentorship,” says Momaya.
MMB’s expansion plans include launching city-wise chapters across India and targeting international markets such as Canada, Australia, the UK, Dubai, and the USA. The platform’s franchise model will further support this growth, making it operationally ready to serve a global audience. “Our vision is to reach the top 15 cities in India and then expand globally, promoting Indian leaders on the international stage and bringing global expertise to our country,” Momaya shares.
Data security and privacy are paramount for MentorMyBoard, particularly given the sensitive nature of governance-related information. The platform adheres to strict GDPR guidelines, ensuring a secure and trustworthy environment for its users. “Governance is not just a feature for us; it’s the foundation of everything we do,” says Momaya.
With this funding round MentorMyBoard will accelerate its growth trajectory, with revenue projections exceeding Rs. 100 crore in the next five years. The platform is seeking strategic investors who share its commitment to impacting good governance and who recognize the growing need for directors to seek guidance in an increasingly regulated environment.