SaaS-based training and recruitment startup, Capabiliti, has raised about $400K in a funding round led by 500 Startups, Smile Group and angel investors like Snapdeal Co-founders Kunal Bahl and Rohit Bansal and Freshdesk, founder Girish Matrubootham.
Other investors in the round include Google’s Ranjan Anandan, Nasscom’s Ravi Gururaj, founding member of Indian Angel Network Alok Mittal, Capillary Technologies Founder Krishna K. Mehra and Cisco’s Alok Bardiya, Utsav Somani, LetsVenture among others.
The funding will largely be used to expand the company into international markets, expand the team of 25 to 50 and further enhance its technology platform.
Founded by Mrigank Tripathi and Sachin Grover, Noida-based Capabiliti, a mobile first platform helps companies in assessing and training their employees. It is a platform to recruit, onboard, train and assess remote users across any geography over any device. Its self-serve platform available across mobile and web for any organization who wants to reach the last mile to bring it into its fold distributed employees, vendors and clients through a robust lifecycle process of ‘Acquisition, On boarding, Training, Assessment and Evaluation’.
This comes at par with the Modi government’s ‘Skill India Mission’ which seeks to train 40.2 crore workers by 2022. “India currently faces a severe shortage of well-trained, skilled workers. It is estimated that only 2.3% of the workforce in India has undergone formal skill training as compared to 68% in the UK, 75% in Germany, 52% in USA, 80% in Japan and 96% in South Korea. Large sections of the educated workforce have little or no job skills, making them largely unemployable,” the document on the framework of implementation of the National Mission for Skill Development said.
Tripathi, says, “Companies have focused on recruitment and training of direct employees, but not the frontline staff who are impacting revenues and brand of the company.” In lieu of this, Capabiliti aims to provide skill-specific training through its platform and make the country’s workforce more employable and productive.