AI-powered career platform, Spotle.ai, has raised funds again from a group of angel investors across India, South Korea, Silicon Valley and Australia. Among those who participated in the round are Somnath Banerjee, Head of Shopping Discovery, Pinterest, USA, Kaniska Mandal, AI Practice Leader, Walmart Inc, Moulina Chakrabarty, Senior Banking Professional, San Jose, Pralaypati Ta, Entrepreneur and Ex-Adobe, Biswarup Banerjee, Senior Director, Coupang, Amborish Acharya, Head of Engineering, Mpower Financing and Tanmay Bhowmik, HCL Technologies. Spotle had earlier raised funding from HNI and NRI investors including Dr Shiva Gunapu, Adelaide, Australia who also participated in this round.
Spotle.ai is co-founded by husband-wife duo, Jyotirmay Kanthal (Ex IBM | Jadavpur University), and Rimjhim Ray (SPJIMR | Imperial London) along with Mousum Dutta (ex SAS | IIT Kharagpur). Spotle.ai is an AI-powered career platform for millennial and Gen-Z population. On Spotle.ai users get automatically matched with the most relevant opportunities and skills. On the other hand, recruiters get the best fit candidates on Spotle.ai in absolutely zero time. Spotle.ai’s AI powered opportunity fitment engine has been featured in NASSCOM’s India AI 2021 Innovations report.
Hiring the right candidates has proved to be a tough problem for corporates and start-ups. According to a recent report from recruiting technology company, Lever, companies employers have to evaluate 129 candidates before they make a hire. Companies spend a huge amount of cumulative work hours sorting through applications and manually reviewing CVs causing delay in hires, incorrect filtering from human error and loss of productive hours. For companies with over 1,000 employees, the median time-to-hire is 41 days.
Rimjhim Ray, who leads product and marketing at Spotle, explains how Spotle.ai is solving the hiring problem. She says, “Spotle’s machine learning-based algorithm crunches background data of candidates, resume information, hiring pattern of the company, collaborative data from similar background candidates to build capability and potential scores for a candidate and accordingly rank his or her profile for a job. The algorithm eliminates manual CV sorting, yet finding a perfect match.”
The latest funding will be used to strengthen the enterprise hiring, learning and hackathon platform at Spotle which is being used by Big 4 consulting firms, leading IT companies and ivy league institutes.
Speaking on the round, Jyotirmay Kanthal, Co-founder, Spotle.ai said, “For the last few months, I have been in conversation with the investors on why Spotle.ai is the need of now in the edu-hr eco-system. And I am not surprised by the amount of interest that investors have in this space. This edu-hr space will continue to be the breeding ground for many ground breaking ideas. Thanks to all the investors. You are helping us grow and enabling a wider mass of students and young professionals shine.”
Spotle.ai currently has 800,000 registered users and employers on the platform. Spotle also offers a rich library of industry-ready programs, deployed by government bodies and corporates, to upskill young professionals.
Speaking on her investment, Moulina Chakrabarty, a San Jose based Senior Banking Professional said, “We have seen Jyotirmay and Rimjhim starting from zero and travelling a long way along the path of success to reach where they are today within a short span of time. I see a lot of potential in the field and areas where they are putting their focus and will be happy to be part of their journey of success going forward.”
South Korea based investor Biswarup Bannerjee said, “Jyotirmay comes across as a go-getter with fierce conviction and courage. He is immensely informed and is right ready to tide along with the next tech revolution on data and AI, which is already upon us. He founded Spotle.ai with a vision that attests to his strong posture and poise. Spotle.ai has the promise to become the next generation digital career-assist. I was mighty impressed how he and his team are harnessing data to drive a “push” service to both career aspirants and employers.”