Bengaluru-based online platform, Skillenza (formerly known as Venturesity), which helps enterprises in hiring talent, has raised $722K in a Seed funding round led by Blume Ventures and Indian Angel Network.
Besides Blume Ventures and IAN, Aneesh Reddy from Capillary, Surojit Niyogi from HomeBit, Raghu from Taxi for Sure, Pallav Nadhani from Fusion Charts and Tracxn also participated in this round of funding.
Skillenza was founded by Prashant Koirala, Rajesh Rai, and Subhendu Panigrahi three years back. It had previously raised $270K in an angel funding round in 2015 from RedBus’ co-founder Phanindra Sama, Jay Sethuram, the partner at California-based Crestlight Venture Partners, Founder and CEO of Torrent Networking Technology Hemant Kanakia, and founder of angel fund and incubator Srijan Capital Ravi Trivedi.
The newly raised funds will be used to disrupt skill building and talent engagement activities.
Speaking about the investment, Karthik Reddy of Blume Ventures says “Skillenza’s product suite to build, assess and retain quality communities for enterprises is a new-age approach to solving the talent crunch and talent retention. Increasingly, the current standard resume will become less relevant in the future as companies want more colour on the skills and incoming talent wants to boost and showcase their skill sets”.
Skillenza empowers enterprises to create a talent community and host an array of challenges, be it a 30-minute quiz, programming challenges, case study competition or 24-hour hackathons to engage and evaluate talent. The platform currently has 350K professionals actively solving these challenges posted by enterprises. Its client base includes leading names such as Ola, Amazon, and IBM.