TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
Digital skills assessment startup iMocha raises $14 million in Series A funding

News • 27th Jan 2022 • 2 Min Read

Digital skills assessment startup iMocha raises $14 million in Series A funding

HR TechnologyFunding & Investment#HRTech

Author: Shreejay Sinha Shreejay Sinha
6.8K Reads
The Pune-based company’s software solutions leverage artificial intelligence (AI) simulators, interviewing tools, and talent analytics to help organisations find job-fit candidates, remotely and expeditiously.

iMocha, a digital skills assessment platform for upskilling and recruitment, on Thursday announced it has secured $14 million in a Series A financing round led by global investment firm Eight Roads Ventures. 

The Pune-based iMocha, formerly known as Interview Mocha, aims to use the funds that it raised at an undisclosed valuation to boost its skill library selection, reach more global enterprises, and expand its partnership base within the HR tech ecosystem. The capital raise comes in the backdrop of a growing demand for automation, digitisation, and adoption of remote work accelerated by the Covid-19 pandemic.  

The company, co-founded in 2015 by former IBM executives Amit Mishra and Sujit Karpe, enables employers to assess individual skills proficiency with job-role based assessments for both recruitment and learning. Its software solutions leverage artificial intelligence (AI) simulators, interviewing tools, and talent analytics to help organisations find job-fit candidates, remotely and expeditiously.

“Without a skill assessment platform to help measure and scale their talent pool, businesses will quickly lose out on talented team members. At iMocha, we've built the broadest and deepest technology skills library in the world with measurable outcomes. Our partnership with Eight Roads gives us a great launching pad to serve every Fortune 500 customer needing a skill assessment platform,” iMocha CEO Amit Mishra said. 

In 2020, it had raised $600,000 from a clutch of investors, including Girish Mathrubootham, the CEO and co-founder of US-based SaaS startup Freshworks that had a blockbuster listing on Nasdaq in September last year.

Existing investors Upekkha and Better Capital also participated in the latest fundraise by the company, which has more than 300 clients globally, including Fujitsu, NICE, and Microsoft.  

Aditya Systla from Eight Roads Ventures and Prasanna Krishnamoorthy from Upekkha will join iMocha’s board of directors following the capital injection, it said in a statement. 

“Leveraging an expansive and unique skills database, iMocha’s AI-powered assessment platform has enabled organizations to make the talent management processes more robust and efficient. Over the past few years, Amit, Sujit and the entire iMocha team have built a unique SaaS platform helping companies stay ahead of the curve on talent management and we are thrilled to be their partners on this journey,” said Aditya Systla, Partner at Eight Roads Ventures.

iMocha’s library has over 2,000 assessments across a range of skills such as coding, data science, AI, machine learning, cybersecurity, enterprise applications, cloud computing, infrastructure management, application development, aptitude, and banking.

Read More

Did you find this article helpful?


You Might Also Like

ANZ SMEs embrace HR Tech: Report

NEWS • 20th Nov 2024 • 3 Min Read

ANZ SMEs embrace HR Tech: Report

TechnologyHR Technology#HRTech#HRCommunity
1 in 3 AU businesses find themselves redoing work

NEWS • 10th Oct 2024 • 2 Min Read

1 in 3 AU businesses find themselves redoing work

HR Technology#TeamAlignment#HRTech#HRCommunity
Where will AI investments boom?

NEWS • 1st Aug 2024 • 2 Min Read

Where will AI investments boom?

TechnologyHR Technology#Future of Work
NEXT STORY: Adidas to hire 2,800 employees this year

Trending Stories

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    From copy-paste to creative spark: mastering generative AI i...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

  • design-thinking-hr

    Return to office: the legalities

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.