[Funding alert] PMaps raises Rs 5 Cr in series A round

Visual-Based Assessment Platform PMaps has raised Rs 5 crore in its Series A funding round led by Indian Angel Network and LetsVenture.

With this funding round, it will facilitate the company’s GTM initiative aimed at accelerating customer acquisition and strengthening key partnerships.

The Mumbai-based PMaps was founded in 2015 by Saurabh Rana and Tarvinder Kaur, It leverages the modern capabilities of psychological science, data analytics and information technology to provide customers a frictionless user experience with remote accessibility.

With a blended delivery platform that enables hiring through web, desktop and mobile applications along with API integration, the tech-enabled platform helps companies hire anywhere, anytime.

“In today’s digital-first world, traditional or text-based candidate assessments are suboptimal as they are time-consuming, easily manipulated and assume the candidate knows reading. Considering the influx of applications recruiters receive these days, PMaps visual-based assessment is the need of the hour as it measures candidate competence in less than 11 minutes. This capital infusion is nothing short of a vote of confidence in PMaps’ performance and direction,” said, Tarvinder Kaur, co-founder and CEO, PMaps.

The company claims that it has collectively garnered over 2 million assessments. Its technological solutions have reduced recruitment times by up to 60 percent as well as largely improved recruitment outcomes among recruiters. Candidates with higher company scores always perform better and last longer in normal work settings. The company aims to be the leading non-technical evaluation platform globally.

“PMaps effective visual-based assessments offer a unique way of addressing freshers. We have used this platform at Bajaj Capital and witnessed great results in terms of hiring quality. Special accolades are for the company’s great management team who have been steering the company for more than 7 years,” said, Sanjiv Bajaj, joint chairman, managing director and lead investor, Bajaj Capital.

About PMaps

At PMaps, their mission is to provide organizations with a reliable ASSESSMENT PLATFORM to evaluate the ENTRY-LEVEL JOB SEEKERS and to make hiring INCLUSIVE, FASTER & BETTER by leveraging people science. They carry the core belief in – The Purpose of Life, Values and A Sense of Relationship. They are being advised by a leading Asian Psychology Association for designing our visual-based competencies framework.

PMaps is a VISUAL based assessment platform for conducting PRE-HIRING and POST-HIRING assessments, primarily focusing on hiring front line job seekers in CUSTOMER SERVICES, SALES and OPERATIONS. The Visual Based Assessments are LANGUAGE AGNOSTIC, FUN & ENGAGING. They enable MASS RECRUITERS to enhance their hiring quality and reduce their hiring time; by giving – Real-Time Reports, Proctoring for Virtual Hiring, and Providing Interactive Dashboards. Their assessments are three times faster than traditional assessments and has reduced the time to hire and improved the quality of hiring for leading customer service and sales driven organisations. If you are hiring front liners then they have a scientific assessment to make your hiring faster and better.

Their team comprises seasoned psychologists and OB practitioners with more than 20 years of experience in industrial psychology, statisticians, and IT experts to provide their clients with seamless execution.