Skillenza, a Bangalore based startup which helps enterprises in hiring talent, has raised around ₹4.7 crore ($722K) in its seed funding round, led by Blume Ventures and Indian Angel Network.
Apart from Blume Ventures and IAN, Aneesh Reddy from Capillary, Surojit Niyogi from HomeBit, Raghu from Taxi for Sure, Pallav Nadhani from Fusion Charts and Tracxn have also participated in this round of funding.
The newly raised funding will be used by the company to disrupt skill building and talent engagement activities. Speaking about the investment, Karthik Reddy of Blume Ventures says
Skillenza’s product suite to build, assess and retain quality communities for enterprises is a new-age approach to solving the talent crunch and talent retention. Increasingly, the current standard resume will become less relevant in the future as companies want more colour on the skills and incoming talent wants to boost and showcase their skill sets.
Skillenza, which was previously known as Venturesity, was founded in 2015 by Prashant Koirala, Rajesh Rai, and Subhendu Panigrahi. It had previously raised $270K in an angel funding round in 2015 from a group of angel investors.
The company aims to empower enterprises to create a talent community and host an array of challenges, be it a 30-minute quiz, programming challenges, case study competition or 24-hour hackathons to engage and evaluate talent.
The platform currently claims to have 350,000 professionals actively solving these challenges posted by enterprises. Its client base includes leading names such as Ola, Amazon, and IBM among others.