Employee management solutions provider, Jombay has raised an undisclosed amount of funding from VentureWorks India, a VC firm led by Keshav Sanghi, former MD of Goldman Sachs Securities in India.
The raised capital will enable the team boost their technology and products. Jombay’s team of behavioural scientists is now building products that will assist employees in their communication and development within the organisation. This round of funding will take these products from the prototype stage and build in-depth products.
“We aim to be an end-to-end human capital management solution throughout the employee lifecycle,” said Mohit Gundecha, CEO.
Founded by Suruchi Wagh and Mohit Gundecha, Jombay was initially a consumer-facing firm providing psychometric tests to a B2B recruitment model in 2013. From assessment tests to assist hiring, Jombay has expanded into several other HR functions such as promotions and performance management.
Adding a comment, Gundecha said, “The Gen-Y millenials are forcing companies to rethink the way they deal with people.”
The firm had raised its first round of funding from Patni brothers backed Nirvana Ventures in 2011. The company claims to be working with more than 150 customers to help them around Talent Identification, Performance, Promotions, Learning & Development, HiPo and Leadership Development. Its clientele includes marquee customers from major sectors such as BFSI, IT & ITeS, BPO/KPO, Pharmaceuticals, Retail, FMCG, Hospitality, Manufacturing among others.
A few names playing in similar domains are Sapience, Wooqer, CoCubes, HiringMonk, Recuiterbox, ZingHR etc. The employee management space which is being targeted by these players is extremely clumsy and unorganized. So, the core motive of these companies is to provide effective solutions to detangle and manage this pocket. There is no dearth for ‘enterprise-first’ management solutions in the market. However, the current scenario demands ‘user-first’, new age technology, which Jombay claims to offer.