Digital skills assessment startup iMocha has raised $14 mn led by Eight Roads Ventures wherein their existing investors, Upekkha and Better Capital also participated in this funding round.
Digital skills assessment startup iMocha was founded in 2015 by Amit Mishra and Sujit Karpe. iMocha provides dependable talent analytics, AI-powered skills assessment tools, and expert guidance to help create winning teams.
“Without a skill assessment platform to help measure and scale their talent pool, businesses will quickly lose out on talented team members. At iMocha, we’ve built the broadest and deepest technology skills library in the world with measurable outcomes. Our partnership with Eight Roads gives us a great launching pad to serve every Fortune 500 customer needing a skill assessment platform,” said Amit Mishra, co-founder, and CEO at iMocha.
Digital skills assessment startup iMocha remained bootstrapped since their inception in 2015, they grew consistently year-on-year, but the last two years have been especially great for them. Within a span of two years, they grew 400%, added numerous patents in their arsenal, and won numerous prestigious awards.
“By 2025, 50% of the world’s workforce will have to upskill to next-gen digital skills. And by 2030, 60% of the skills required to perform enterprise roles will be different, making ‘skills’ the new currency for staying relevant and competitive. Because of our innovation and most importantly, our ability to create a skill-fit market, numerous Fortune 500 and global enterprises entrust us with their skills assessment and benchmarking needs,” said Sujit Karpe, Co-Founder, and CTO at iMocha.
“Technology has been disrupting the way we work and increasingly, every business is transforming into a tech-first company. The idea of a “one-time digital transformation” is passé and the ability to quantify and analyze the skills matrix of an organization is critical to effectively drive recruitment and incorporate into learning and development strategies,” said Aditya Systla, Partner at Eight Roads Ventures.
Digital skills assessment startup iMocha will continue to build their skills library, which already is the world’s largest, expand their customer base, and expand their partnership in the HR tech ecosystem.