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The Bengaluru-based skilling evaluation platform Equip. co has secured a $400K pre-seed spherical. The money injection could be supplied by Higher Capital.
Vaibhav Domkundwar, Higher Capital, stated, “We’re making talent assessments 100X simpler with Equip and placing it in every single place it’s wanted with out forcing customers to go on totally different workflows and journeys. We’re excited to be the founding stage accomplice to Equip.”
The startup was based in August 2020 by Jayanth Neelakanta, A PhD in theoretical physics who got here again to India to create EdTech merchandise. The corporate goals to streamline recruitment by means of automated assessments throughout a number of abilities.
The skilling startup’s funding comes at a time when many technological platforms are discovering new methods to streamline and automate resume evaluation methods. In response to Equip, the candidate can take the evaluation on Equip and the recruiter can use their rating to display screen them. Equip additionally claims that, on common, recruiters shortlist solely the highest 3% of the assessed candidates, saving 97% of their time.
“We’re delighted to announce our first spherical of funding. Because the title suggests, we wish to equip recruiters with figuring out nice expertise. Equip is not going to solely assist firms cut back the effort and time to rent, but additionally assist them look past CVs and pedigree, and concentrate on candidates’ abilities. We’re assured that our considerably easier UX and the number of roles we check for will show to be aggressive benefits,” stated Jayanth Neelakantha.
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