Youth4work, a platform for companies to search for ‘pre-assessed’ talent has raised $0.5 million bridge capital from a group of investors including angel investors Sanjay Bansal, Dan Sandhu, Aurum Equity Partners LLP and GAP investments.
The platform was started by Rachit Jain, and it allow individuals to present their talent & skills, which are then tested and scored vis-à-vis by thousands of other members on the platform.
These scores are then provided to companies, which then engage people with specific talents and skill sets for specific activities. Regarding the platform Rachit Jain said, “We assess people by way of online multiple-choice questions that gauge a person’s proficiency in particular skills.
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 on etc.
yRank clearly reflects where a particular person stands viz. a viz. others, thereby making it simpler for companies to decide the few worth engaging with.
The platform currently hosts 400+ talent assessment tests and many more practice tests. Each talent has its own community, which can be reached out for any targeted communications.”
The new funding will be used for scaling up the products and strengthening the platform’s reach to achieve the goal of 2M users in India alone by 2015.