TalentPad (earlier TalentAuction) is a New Delhi based online recruitment platform that connects talent with employers in the technology/internet/analytics space. The company has raised funding from Helion Advisors. The amount of funding has not been disclosed but it'll be used to fuel the company's marketing initiatives and scale up the team. Ritesh Banglani, Partner, Helion, will join the board of the company.
TalentPad has been cofounded in 2014 by IIT and IIM alumnus, Mayank Jain, Nikhil Vij and Raghav Jain. TalentPad is a curated marketplace, with companies having to be ‘eligible’ to participate and it offers candidates the opportunity of instant visibility to across 150 targeted employers. There is curation on the candidate side too, with the focus being on tier 1 technology talent in the country. Speaking on the investment Ritesh Banglani of Helion said,
Consumer internet services is a priority investment sector for us and we are always on the lookout for innovative plays in large, established markets like recruitment. There is a huge demand-supply gap in the recruitment segment, especially at the higher end of technology driven businesses, and TalentPad is ideally poised to meet the emerging opportunity. Helion was impressed by the founding team’s intellectual pedigree and a strong combination of business, technology and sales expertise.
According to reports, India produces nearly 1.5 million engineers every year and only a quarter of them are employable, leading to acute shortage of skilled workers. For employers, TalentPad aims to solve two fundamental challenges- to source premium candidates, and source them fast.The ability to curate both supply and demand to ensure perfect matchmaking has led to TalentPad currently working with 150 companies including the likes of InMobi, MakeMyTrip, Snapdeal, Myntra and BookMyShow. Companies pay a percentage of the gross
salary, as fee, for every candidate hired. The services are free for candidates.
Mayank Jain, co-founder and CEO TalentPad said, “We want to be a one-stop shop for high quality companies scouting for the best tech talent. The funding from Helion will help us strengthen our marketing to attract the best talent and the best recruiters to our platform as well as create a world-class management team at TalentPad."