Enterprise video interview solutions startup ePoise raises VC funding
Bangalore-based startup ePoise Systems Pvt Ltd, which automates interviews and enables talent analytics, has raised an undisclosed amount from a venture capital fund.
Sachin Agrawal, founder and CEO of ePoise Systems, declined to comment on the funding amount and name of the investor but said it is from a venture capital firm. He said the funding would be used towards product development and sales effort.
ePoise Systems was founded in 2012 by Agarwal and Bishan Singh, both alumni of London School of Business. Agrawal has been a management consultant before starting ePoise Systems. He has worked at IBM and management advisory firm Alvarez and Marsal, where he was part of team that looked into restructuring of Lehman Brothers in Asia.
His partner Singh has over 13 years of corporate experience, including a brief stint in IT solutions company Synchron, before co-founding ePoise.
The company offers a cloud-based automated video interviewing solution for enterprises where the clients set the questions which are put to candidates. There is no option to have a counter question in its solution but it seeks to cut down on the number of face-to-face interviews that a firm has to conduct before making a hire.
The interview as such is stored in the cloud and can be assessed anytime by the enterprise client or the particular interviewer.
The customers of the company do not need to buy any hardware or software. They use the product, accessing it from the browser and pay only for the usage.
The company had last year raised an undisclosed amount in funding from friends and family members.
Bangalore-based law firm Samvad Partners advised the firm on the latest transaction.
(Edited by Joby Puthuparampil Johnson)