Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»HackerRank bags Rs 47 crore funding
    News

    HackerRank bags Rs 47 crore funding

    HRK News BureauBy HRK News BureauJuly 15, 2015Updated:September 18, 20182 Mins Read2268 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    The Japanese company, Recruit, reviewed several companies that disrupted the technical hiring space to finally zero in on HackerRank, which has one million coders on its platform. 

    HackerRank, erstwhile InterviewStreet, has managed a strategic funding of Rs 47 crore from the Japanese human resources company, Recruit Holding’s, HR Technology Fund.

    The Bengaluru-based startup founded by the two engineers, Vivek Ravisankar and Harishankaran K, helps companies, such as Facebook, Yahoo and Amazon to recruit technical talent. It also provides a technology platform for programmers to hone their coding skills.

    The fresh investment will be used to scale up operations and further enhance its product.

    The idea of InterviewStreet originated in the dormitory of the National Institute of Technology (NIT), Tiruchirapalli.

    The two founders set up a forum for mock interviews with college students, to help select the best candidates. Though the duo got picked up by tech companies IBM and Amazon, they continued to work on the idea.

    In 2012, InterviewStreet was hired by the Obama Administration for technology support, to roll out a programme for promotion of equal pay for women in corporate America. It developed a technology platform on which the US Government built tools to promote this goal.

    This is the second round of funding for the recruitment solutions company as in the past it had raised a $9.2M funding from Khosla Ventures and Battery Ventures, the investors who had helped seed Dropbox Inc. and Airbnb Inc.

    It is learnt that Recruit reviewed several companies that disrupted the technical hiring space. Finally it selected HackerRank ,which has one million coders on its platform.

    “As the demand for technology talent continues to outstrip supply, HackerRank offers an efficient way for human resources professionals to evaluate talent beyond traditional means,” said Chihiro Ueda, president, Recruit HR Technology Fund, in an official statement.

    “They have built their reputation as being the ‘go to community’ for tech talent analysis,” he added.

    Experts say there is a huge unmet need to hire technical talent. About 73 per cent of companies with fewer than 1,000 employees and 88 per cent of organisations with over 1,000 employees agreed that they cannot find the tech hires required to power innovation, according to a survey conducted by media firm, UBM.

    “There is urgency within tech companies to find the right talent,” said Harishankaran K., chief technology officer at HackerRank.

    Airbnb Inc Amazon Battery Ventures Chihiro Ueda coding skills Dropbox Inc Facebook HackerRank Harishankaran K InterviewStreet Khosla Ventures National Institute of Technology (NIT) Recruit Recruit HR Technology Fund recruit technical talent Rs 47 crore funding Tiruchirapalli Vivek Ravisankar Yahoo
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    14 + 12 =

    Related Posts

    L’Oréal expands employee share-ownership plan to boost engagement

    June 13, 2025

    Coal India introduces new uniform dress code for employees starting July

    June 13, 2025

    NDMC rolls out major employee-welfare measures

    June 13, 2025

    Bihar cabinet approves housing for women staff near workplaces

    June 13, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    The truth about lies: Why résumé fraud has become an epidemic

    June 13, 2025

    Redefining recognition: Why the future of HR leadership lies with rising stars

    June 12, 2025

    Social media is showing Indian workers what they’re missing—and they want change

    June 11, 2025

    When employees leave without notice, who bears the moral burden?

    June 10, 2025
    Latest Post

    L’Oréal expands employee share-ownership plan to boost engagement

    News June 13, 2025

    L’Oréal Groupe has announced the launch of its fifth global employee share ownership plan. This…

    From scrap to sustainability: GRP’s transformation story

    Quick HR Insights June 13, 2025

    In this powerful excerpt, Sanjeeb Lahiri, Chief Human Resources Officer at GRP Ltd, shares how…

    Coal India introduces new uniform dress code for employees starting July

    News June 13, 2025

    Coal India (CIL) is rolling out a new uniform dress code for its employees from…

    NDMC rolls out major employee-welfare measures

    News June 13, 2025

    In a bid to ensure employee welfare, the New Delhi Municipal Council (NDMC) has approved…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.