DoSelect, a Bangalore-based HR Tech startup, has today secured an undisclosed amount in its seed funding round. Investors who participated in this round include 3one4 Capital, Mumbai Angels and Aarin Capital. Also, Singapore Angel Network along with a cohort of individual investors also participated in the round.
Commenting on this investment, Dr. Aniruddha Malpani, a Mumbai Angel investor stated,
We’re very excited about investing in DoSelect. Hiring great coders is the key to every company’s success in this day and age, where technology is becoming an organisation’s competitive advantage. DoSelect’s cutting edge platform is aiding HR teams understand in granular detail, why they should or should not, hire a particular engineer.
The funds will be deployed to scale current traction areas through targeted marketing and sales funnels. The funding will also be used for product enhancements. The company is also targeting to reach a million developers on DoSelect in the next six months.
Also, the startup is working on a few innovative marketing strategies to reach out to developers in engineering colleges in the country. On the B2B side, they are also working on a few interesting things to make the assessment experience even easier for teams, and support for Android assessments.
DoSelect was founded by ex-InMobi and NIT Jamshedpur graduates – Iliyas Shirol, Rohit Tirkey, and Sanket Saurav in 2015. It is a collaborative and technology-independent hiring tool for companies to hire the right kind of talent.
The company, which counts companies such as Amazon India, InMobi and Atom Technologies as its clients, is currently being operated by a team of just 12 people.
DoSelect’s SaaS product suite enables companies to measure technical prowess of HR and engineering job applicants. It helps expose them to real-life application scenarios which require them to solve problems for the “code, test, debug, deploy” lifecycle.
Earlier this year, the company forayed into the B2C segment with the launch of ‘DoSelect For Developers’. It aims to make developers, students, and learners be industry ready. The platform provides existing and budding developers a place to solve interesting problems on over 25 programming languages and domains like APIs, data sciences, machine learning, etc.
Differentiating DoSelect from a lot of similar online talent hiring platform, Iliyas said:
DoSelect’s platform is inherently different from the competition as we are not only focussed on algorithmic programming problems but on application-based skills. Unlike any other platform, the evaluation engine supports full network and superuser access, making interesting problems like API-based challenges possible.
According to an India Mobile Talent 2016 Report, India’s tech boom has increased the demand for developers, especially in the mobile segment. It remains to see how the company makes it presence felt in the market that already has established players like HackerRank.