News: Jombay Raises 2nd Round of Funding: To develop ‘People-First Product

Assessments

Jombay Raises 2nd Round of Funding: To develop ‘People-First Product

The current round of funding will help the organisation to develop a ‘people-first product engine’, to fuel performance across the industry, it said in a statement.
Jombay Raises 2nd Round of Funding: To develop ‘People-First Product

Talent assessment and analytics platform,Jombay, has raised an undisclosed amount of funding from VentureWorks India. The current round of funding will help the organisation to develop a ‘people-first product engine’, to fuel performance across the industry, it said in a statement.

VentureWorks India, headed by ex-Goldman Sachs MD KeshavSanghi and the Chairman and founder of Systems Plus Group of companies, NikunjJhaveri, is expected to bring operational expertise and network to Jombay. Further, KeshavSanghi is also set to join the advisory board at Jombay.The Pune-based company, established in 2010, by the couple SuruchiWagh and MohitGundecha, shifted its core competency from a consumer-facing firm offering psychometric tests to a B2B recruitment model in 2013.

From their initial services of assessment tests to assist hiring, Jombay has expanded into assisting in diverse HR functions such as promotions and performance management."This of funding round will enable us to take these from the prototype stage and build in-depth products. We aim to be an end-to-end human capital management solution throughout the employee lifecycle," Mohit has been quoted saying. In 2011, it had successfully raised its first round of investment from Nirvana Ventures. 

The company says that it is currently working with over 150 customers to help them in the fields of Talent Identification, Performance, Promotions, Learning & Development, HiPo and Leadership Development. The company’s recommendation engine has a wide variety of online tools and applications that provide tailored solutions and suggestions based on psychometric evaluations and past admission patterns. Jombay boasts of clients in major and diverse sectors, which include the likes of, HDFC Bank, Nestle, Infosys, PayTM, DSP BlackRock, Volkswagen, Mercedes Benz and Taj Hotels. 

"The products and services available in the industry for competency assessment and analytics quintessentially prioritize the employer. The fundamental change that we brought was making the product 'Employee-first'. People form the core of everything we have to offer, and when we provided them with a simple, easy to use tool made for them, it was adopted widely and easily. Hence, we successfully integrated the needs of both the employee and the employer, and assist them in areas like talent acquisition, retention and promotions etc. We're off to a good start, and now we intend to create a product that will change the dynamics of how HR works," says MohitGundecha, co-founder and chief executive officer, Jombay.

Read full story

Topics: Assessments, #Corporate, #TalentAssessment

Did you find this story helpful?

Author


QUICK POLL

What kept you sailing through your work life in 2020?

2 months free subscription
q_auto,f_auto/v1606908047/mag-december-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :