Welcome Guest

Businessex.Com
Home News People search platform Youth4work raises $0.5 million from Aurum Equity, GAP

People search platform Youth4work raises $0.5 million from Aurum Equity, GAP

Tags: youth4work, aurum equity, gap, angel investors, startup, entrepreneur, skill development

December 09, 2014 | COMMENTS ( 0 )

People search platform Youth4work raises $0.5 million from Aurum Equity, GAP

Youth4work, a next generation people search platform that offers ‘pre-assessed’ talent communities for companies to engage and contact, has recently raised $0.5 million bridge capital from a group of investors including angel investors Sanjay Bansal, Dan Sandhu, Aurum Equity Partners LLP and GAP investments.

Founded by Rachit Jain, Youth4Work is a platform where individuals showcase their talent & skills, and are then tested and scored vis-à-vis thousands of others. These pre-assessed profiles are then made available to companies for engaging and communicating about their Brand or hiring more efficiently and quickly.

The platform also helps companies engage people with specific skill sets for specific activities. E.g. – a large IT company engaged with people with interest in designing and get feedback on their products.

Rachit says, “The value proposition is about engaging and interacting with the ‘right’ few people when hiring or engaging for any activity. At Youth4work, we are building data intelligence on People. What sets Youth4work apart from other platforms is the Data Science behind every youth registered with us.”

We assess people by way of online multiple-choice questions that gauge a person’s proficiency in particular skills. A unique yRank is assigned to each talent based on a ranking algorithm considering the person’sperformance in the yTest, contributions in talent discussion forums, profile completeness, social vouches, what they view, show interest on etc.

yRank clearly reflects where a particular person stands viz. a viz. others, thereby making it simpler for companies to decide whom are the few worth engaging with.The platform currently hosts more than 400 talent assessment tests and many more practice tests. Each talent has its own community, which can be reached out for any targeted communications.

“We were impressed with the quality of the platform and felt it had a strong value proposition for companies and youth. The platform is transparent and open for any user to interact and understand the talent rankings.” adds Sanjay Bansal, an angel investor in Youth4Work.

Dan Sandhu says, “The investors were impressed with the execution capability of the team. In less than 2 years into its beta launch, Youth4work has got around 500,000 registered youth who have been tested and profiled and thousands of companies who are actively using it to engage the right talent. The assessment technology built by Youth4work is the USP, The adaptive and Intelligence is unique and highly scalable.” The company currently counts some of the leading names in the industry as its clients including Microsoft, Adobe, Mahindra, Aon Hewitt and thousands of others who engage with the intuitive platform.

The company is actively working on scaling up its products and strengthening its reach of users. They plan to reach and help 2 million users in India alone by 2015. 

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....