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On-line hiring platform Relevel introduced it has secured $20 million from its dad or mum firm and EdTech unicorn Unacademy.
The fundraise comes inside 4 months of the launch of Relevel, on the again of sturdy traction witnessed in consumer development, hiring firm partnerships, and placement fee, in accordance with a press assertion.
The recent capital will probably be utilized for scaling up the Relevel staff, strengthening the platform, and increasing the suite of exams to enhance the number of job choices.
Based in Might 2021 by Shashank Murali, Saksham Keshri, and Prakash Kumar, Relevel is a hiring platform that empowers job-seekers to showcase their expertise by way of exams and get their dream job inside 15 days. The platform at present has over 2.35 lakh customers and claims to have a one hundred pc placement fee of customers who’ve certified within the exams. It at present has 64 energetic corporations throughout sectors which have interviewed candidates on the premise of the exams.
Relevel provides corporations quick access to supply and choose the very best of candidates, pre-assessed on their aptitude, competencies, and expertise. It at present conducts three exams together with frontend improvement, backend improvement, and enterprise improvement. They’re all performed inside a day. Choice rounds are designed to evaluate all expertise required for the position in competition. Customers undergo MCQ-type exams, algorithmic exams, case research, and at instances they’re even required to construct a mini-app. The ultimate spherical of every check is a reside interview performed by an business skilled.
Relevel claims that round 60 % of customers who’ve obtained job presents by way of the platform are freshers and skilled customers who have gotten positioned by way of the platform have obtained presents with as much as a 150% pay hike. The corporate additional claims that the majority of its customers who’ve secured jobs are from Tier II and Tier III cities within the nation.
Among the many corporations which have partnered with Unacademy’s Relevel are startups resembling upGrad, hyperlocal providers unicorn City Firm, advertising automation platform WebEngage, fintech startup Razorpay, Moengage, LeadSquared, SuprDaily amongst others.
Unacademy’s Relevel competes towards the likes of talent evaluation and counseling platforms resembling AugLi, WheeBox, HackerRank, Scaler Academy, Rekrut India other than conventional Linkedin, Naukri.com, Certainly.com, and others.
Unacademy, based in 2015 by Gaurav Munjal, Hemesh Singh, and Roman Saini, Unacademy, at present has over 50,000 registered educators and greater than 62 million learners. The startup presents learnings in 14 languages throughout 5,000 cities.
The Bengaluru-based EdTech main had raised $10 million in its ongoing Collection H spherical from Zeta founder Bhavin Turakhia and Dragoneer Funding Group final month. It has raised $440 million in its Collection H spherical led by Singapore-based Temasek at a valuation of $3.44 billion.
In regards to the Writer
Writer: Shalini Pathak
Shalini Pathak is a Employees Author at EdTechReview (ETR) – India’s main edtech media & neighborhood. She has over 4 years of expertise in media, overlaying totally different beats. Like all writers she’s an enthusiastic reader first with a ardour to create out of the field content material, and a capability to write down about any subject. As part of the ETR staff, she is going to cowl the newest within the edtech business with a give attention to edtech startup tales and their funding.Like what we do?
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