PMaps raises Rs 5 crore in the Series A round of funding led by Indian Angel Network and LetsVenture
- ByStartupStory | June 10, 2022
PMaps, a visual-based assessment platform, has secured Rs 5 crore from Indian Angel Network and LetsVenture in a Series A fundraising round. The company’s GTM programme, which aims to accelerate client acquisition and enhance important alliances, will be aided by this capital round.
PMaps, located in Mumbai, was formed by Saurabh Rana and Tarvinder Kaur in 2015. It uses contemporary psychological research, data analytics, and information technology to give consumers a seamless user experience and remote accessibility.
The tech-enabled platform allows firms to employ anywhere, anytime with a blended delivery platform that supports hiring through the web, desktop, and mobile apps, as well as API connectivity. The company aims to be the leading non-technical evaluation platform globally.
Tarvinder Kaur, co-founder and CEO of PMaps stated that traditional or text-based candidate evaluations are ineffective in today’s digital-first environment because they are time-consuming, easily manipulated, and presume the applicant understands how to read. PMaps visual-based evaluation, which analyses applicant ability in less than 11 minutes, is the need of the hour, given the rush of applications recruiters receive these days.
The business claims to have received over 2 million evaluations in total. Its technology solutions have shortened recruiting timelines by up to 60% and significantly increased recruiter recruitment outcomes. In regular job situations, candidates with higher company scores always perform better and survive longer.
Sanjiv Bajaj, Bajaj Capital’s joint chairman, managing director, and lead investor said that PMaps’ visual-based assessments are a unique approach to dealing with newcomers. Bajaj Capital uses this platform and has seen tremendous outcomes in terms of recruiting quality. Special recognition goes to the firm’s outstanding management team, which has been directing the company for more than seven years.
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