AI-based HRTech startup Skillate has raised an undisclosed amount of funding from Incubate Fund India, and Industry expert and Director of Zyoin, Anuj Agrawal, says co-founder Anand Baranwal.
The newly raised funding will be used to accelerate product development, expand its team and bolster marketing initiatives to ramp up its customer base in India and abroad.
Founded by IIT Guwahati Alumni, Bipul Vaibhav and Kumar Sambhav and ex-Tracxn member Anand Kumar in 2016, Skillate aims to empower the recruiters to hire the best talent using artificial intelligence and machine learning.
With a team of seven, Skillate is currently incubated in SAP Startup Studio and is based out of its premises in Bengaluru. Its current client base includes MNC’s like L&T and Expedia and startups like BigBasket, HomeLane among others. The HRTech startup is also working with few large enterprises in BFSI, FMCG and manufacturing sectors.
According to the General Partner at Incubate Fund India, Nao Murakami, “In India, working population is huge and its mobility is also high. In such a situation, how to sort out the right candidates from massive number of applications is always a headache for HR departments. Skillate has a strong AI based SaaS product which can solve this problem.”
Skillate: Aiming To Become A Pain-Killer For HR Departments With AI As Its Tool Set
Skillate is particularly catering to the in-bound hiring problem of the mid and large sized companies. These companies usually have a data of lakhs of resumes, with an unstructured data format. With time, this data tends to become a dead-pool due to the lack of an effective mapping process as per the current job role requirement.