Venturesity, the startup which creates challenges specific to a job description provided by an employer has raised its maiden funding of $270k fom angels. These angels include RedBus’ co-founder Phanindra Sama, Jay Sethuram who is a 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 startup is behind successful Hackathons which helps employers to choose best among the rest. It also encourages job seekers to showcase their talent to employers. This method has been proved best so far as compare to conventional rudimentary listing of resumes.
The company is planning to make their popular hackathons worldwide by taking the whole model online, through which coders from any part of the world can participate in them.
Appreciating the whole concept Sama said,” Here, people exhibit skills in real time and get hired, and employers forget about resumes. I thought that was great, and wish we had that in RedBus”
Sama turned an angel investor recently has invested in five-six companies which he feels are innovative. He further added that the business model is innovative and he met Subhendu through a common friend and he did not invested in his business, he invested in him.
The startup has conducted hackathons successfully for companies like StayZilla, Ola and Housing.com,Hike, Newshunt and more.The company has plans to host hackathons for other job profiles such as design and content creation.