Expertia: Revolutionising Recruitment Technology
Expertia, a leading recruiter platform, has successfully secured Rs 20 crore in a pre-Series A funding round led by Rockstud Capital, with backing from Flipkart and existing investors, including Endiya Partners and Chiratae Ventures. Prior to this round, the company had raised Rs 9 crore in 2021 from its current investors.
Funding Utilisation for Growth
The latest funding will be allocated to bolster product development and expand its technology team, as stated by Expertia in their press release.
About Expertia AI
Established in 2021 by Kanishk Shukla and Akshay Gugnani, Expertia AI delivers an agentic platform that automates essential recruitment processes such as talent discovery, sourcing, screening, assessment, and interviews across over 35 job platforms. This is achieved by utilising a distribution network that spans more than 220 million professionals.
Market Potential
Research indicates that the global HR technology market is projected to expand from $40.5 billion in 2024 to $81.8 billion by 2032, showcasing the vast potential for growth within this sector.
Innovative Technology Utilisation
The Bangalore-based firm employs advanced deep learning algorithms and natural language processing (NLP) to present the most pertinent talent in real-time. Their patent-pending AI technology allows recruiters to move beyond conventional resumes, endorsing a skill-first approach for precise candidate-job alignment.
Comprehensive Recruitment Solution
Expertia merges applicant tracking, organic sourcing, assessments, candidate engagement, bot-enhanced interviews, and hiring analytics into one cohesive platform. The company asserts that its agentic AI allows recruiters to fill vacancies 80% quicker compared to traditional methodologies, positioning Expertia as the preferred recruitment solution for HR and talent acquisition specialists.
Impressive Achievements
Since its inception in 2021, Expertia has processed over 25 million applications, supported the hiring of more than 230,000 positions, and amassed a user base exceeding 18,000 businesses. The company is aiming to conclude the current FY25 with a threefold revenue increase from FY24, specifically targeting enterprises with 500 or more employees. Notable clients already on board include Reliance Retail and Jio.