Delhi-based startup Youth4work that connects youth to companies, has raised USD 500,000 from Aurum Equity Partners, Global Asia Partners, and UK based angel investor Dan Sandhu. It has 5 lakh users currently and wants to reach one million users in the next eight months.
As per an ET report, the new funding will be used for marketing, user experience, mobile and the team. Founded in 2012, as a venture of Rachit Jain, Youth4work is a platform where individuals showcase their talent and skills, that are finally tested and ranked. These pre-assessed profiles are made available to companies to make suitable hires. The platform also helps companies engage people with specific skill sets for specific activities.
It’s user base covers 250 cities across India, with a network of 5,400 colleges and 9,000 registered recruiters. A unique yRank is assigned to each talent based on a ranking algorithm considering the person’s performance in the yTest, contributions in talent discussion forums, profile completeness, social vouches, what they view, show interest in etc. The company’s clients include Microsoft, Adobe, Mahindra and Aon Hewitt among others.