HR tech startup, Skillenza, bags funding of $1 million

The Bengaluru-based company floated in 2014 is backed by Indian Angel Network and a group of angel investors.

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Skillenza, a Bengaluru-based startup company recently announced the receipt of a funding of one million dollars for a robust growth plan.

The Company has bagged the funds from investors, including CBA Capital’s Education Catalyst Fund. Other investors include Blume Ventures, Traxcn Labs and Hyderabad Angels.

Subhendu Panigrahi, co-founder and CEO, Skillenza, floated the Company in 2014 to bridge the gap between software companies’ talent-search needs and developers looking for jobs.

An alumnus of IIT Kharagpur, Panigrahi is a known name in the startup circle. He established Skillenza as a challenge and peer learning platform— a SaaS-enabled marketplace based on the hackathon model.

The HR Tech startup is backed by investors, such as Indian Angel Network, as well as a group of angel investors, including Phanindra Sama, co-founder, Redbus, Jay Sethuram of California-based Crestlight Venture Partners, Hemant Kanakia , founder and CEO, Torrent Networking Technology, and Ravi Trivedi, founder of angel fund and incubator, Srijan Capital.

The startup has an innovative online platform that allows companies to post challenging job descriptions to attract the right talent. Moreover, the job posting gives a vivid picture of what a day at a given job is like, providing a better understanding of the challenges entailed.

Having the right talent is immensely important for all companies, whether big or small. Therefore, Skillenza’s business plan is perceived as truly powerful.

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