Talent Assessment & Analytics Platform, Jombay, Raises Funding From VentureWorks India

http://www.shutterstock.com/dl2_lim.mhtml?id=196584278&size=huge_jpg&src=9z87ATp9oTdwW-vA0E_zog-20-17

Pune-based talent assessment and analytics platform, Jombay, has raised an undisclosed amount of funding from VentureWorks India.

According to Mohit Gundecha, CEO and co-founder at Jombay, the raised capital will be used to create products that will help employees communicate and develop organization skills. The startup will build these products from prototype stage to in-depth products.

As part of the deal, VentureWorks India will bring their operational expertise and network to Jombay. With this, Keshav Sanghi, former MD of Goldman Sachs, will also join Jombay’s advisory board.

Founded by Suruchi Wagh and Mohit Gundecha in 2010, Jombay is a web-based recommendation engine that enables companies to take decisions based on data driven analytics for recruitment, performance management and employee management.

The company’s recommendation engine includes a host of online tools and applications. These tools use psychometric evaluations and math models on past admission patterns and provides customised suggestions.

The firm pivoted from being a consumer-centric company providing psychometric tests to a B2B recruitment model in 2013. Since then, it has added several other HR metrics such as promotions and performance management.

Jombay’s clientele includes customers from sectors such as BFSI, IT & ITes, BPO/KPO, Pharmaceuticals, Retail, FMCG, Hospitality, Manufacturing, etc. It’s currently working with more than 150 customers.

Mohit said, “We aim to be an end-to-end human capital management solution throughout the employee lifecycle.”

Currently, the company is focusing on building products which will be designed to help employees with their communication and development skills within the organization.

Prior to this, the company had raised its first round of funding from Patni brothers backed Nirvana Ventures in 2011.

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.

Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.