Skillate raises $1M in Pre Series A round funding

The technology startup, which was founded in 2016, aims to optimise the recruiting processes for companies.

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Skillate, the tech startup, recently raised $1 million in a pre-series A funding from a host of angel investors, such as Mynavi Corporation, Incubate Fund and Whatfix Founders, among others.

Founded by IIT-Guwahati alumni Bipul Vaibhav and Kumar Sambhav, along with ex-Tracxn member and NIT-Jamshedpur alumnus, Anand Kumar, Skillate was launched in 2016 with the vision of making recruitment easy, fast and transparent. Its B2B SaaS application helps enterprises optimise the hiring process with the power of artificial intelligence (AI).

Skillate’s platform helps recruiters post smart job descriptions, ensures AI-based candidate screening, offers automated phone screening to qualify candidates with the help of chatbots, and also schedules interviews to hire them.

The Company raised a seed round of capital in October 2017 from Incubate Fund, which was utilised to build product and sales. Prior to the seed investment, it was incubated by SAP Labs India.

With almost 2.2 million resumes processed and increasing at the rate of 10 per cent every month, the Company has worked with enterprise customers including OYO Rooms, L&T Construction, Saint Gobain and Yes Bank. Currently, it has a small but dedicated team of 15 people and it is planning to increase to 40 by next year.

Speaking on the inspiration behind Skillate, the founders shared that they had started off wanting to build software capable of ensuring better hiring experiences for recruiters and companies and equipped to make their recruitment process easy, fast and transparent. At every step of the hiring process, organisations and candidates should be clear about the steps to follow and the timeline of the entire process. In large establishments, where thousands of applications are received, keeping track and ensuring transparency becomes difficult, and that is where the trio saw an opportunity to build Skillate.

In the future, there are plans to expand overseas and invest in product development using AI and advanced analytics, and also grow the team.

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