IP Ventures, Haptik co-founder back game-based HR platform Talent Litmus
Mumbai-based Talent Litmus, a platform for game-based assessments and learning, has raised an undisclosed amount of funding from early-stage investment platform Inflection Point Ventures (IPV) and Haptik co-founder Aakrit Vaish.
Vaish has invested through Lets Venture, an online funding platform. The stage of funding was not disclosed.
Talent Litmus helps employees get an insight into a candidate’s personality and cognitive abilities.
The company plans to use the funds to invest in research and development (R&D), expand its product portfolio, it said in a statement.
“We are excited to bring together the diverse fields of game design, psychology and data analytics to re-imagine talent management. This triad ensures the scope of innovation is limitless,” said Satpreet Arora, co-founder, Talent Litmus.
The company claims to have created proprietary algorithms grounded in psychology and data sciences to power its game-based HR applications.Its aims to work with over 200 clients across India, Europe and the US, over a period of next two years.
“We started using Talent Litmus at Haptik and I was blown away by the results and its impact on candidates. I was convinced they have a highly differentiated product backed with credible R&D,” said Vaish.
Founded in 2016 by Satpreet Arora and Kiran Wadhwa, Talent Litmus creates game-based psychometric assessments for high-performance organisations.
Arora is an Indian Institute of Technology (IIT) Bombay and Indian Institute of Management (IIM) Ahmedabad alumnus who gained experience in engineering scalable systems at Yahoo!, whereas Wadhwa is a creative professional with experience in digital engagement and journalism.
The latest investment shows the growing interest in the human resource tech space. Other players in this segment are QuoDecK, a Mumbai-based startup, which uses game-based tools to design courses for candidates and Bengaluru-based Vyre, which uses technology to simplify the recruitment process.
Last month, IP Ventures had invested an undisclosed amount of funds in the online gaming platform SoStronk.