India-based digital skills assessment startup Interview Mocha raises $0.6 million in pre-series A funding to help organizations assess and hire the best candidates
It’s 2020, companies around the globe are still struggling to find the best candidates for their organizations. One of the startups helping to solve this problem is Pune, India-based Mocha Interview, a SaaS-based digital skills assessment solution platform that helps organizations assess, hire, and upskill candidates and employees faster.
Today, Interview Mocha announced that it has secured $600,000 in pre-series A funding from a group of investors, including Freshworks CEO Girish Mathrubootham. Other backers include former Snapdeal CPO and Facebook Director Anand Chandrasekharan, and Vaibhav Domkundwar, CEO of Better Capital. This is the first external funding for the bootstrapped startup since its inception in 2015. Interview Mocha has revenues of more than $2 million ARR.
In conjunction with the funding, Interview Mocha also announced it’s rebranding itself as “imocha,” kicking off a major marketing growth phase for the company. About the rebrand, Amit Mishra said, “The interview in our name came from our legacy as a video interview company. We have outgrown that product and the name, but wanted to keep the “i” as a signal of what we are – innovative, and as a promise of what we will be – iconic.”
Founded by former IBM executives Amit Mishra and Sujit Karpe, Interview Mocha helps organizations assess, hire, and upskill candidates and employees faster. With more than 2000+ skills in its skill library, the platform empowers recruiters and hiring managers to thoroughly screen candidates and identify their skill proficiency, saving countless hours and closing the hiring cycle 4x faster.
Commenting on the funding, Girish Mathrubootham, CEO of Freshworks, said, “Amit and Sujit have built a solid team and a product that customers love. The company is already profitable and has a big addressable market.”
“Talent leaders of global companies are struggling to upskill their workforce to continue to be competitive. Interview Mocha brings one of the most important tools for human capital management – a ‘skill meter’ for talent leaders to rapidly assess skills, and invest in learning and development scientifically. I am not surprised by the demand Interview Mocha is seeing and am glad to be an investor,” said Vaibhav Domkundwar, CEO of Better Capital.
“The pandemic has accelerated digital transformation and is forcing organizations to adapt to the new normal worldwide. We see that enabling organizations to more accurately measure, up-skill, and assess candidates and employees is becoming more and more important, which is driving up demand for our product,” says Amit Mishra, CEO, and co-founder of Interview Mocha.