startup ePoise Systems Pvt Ltd, which automates interviews and enables talent
analytics, has raised an undisclosed amount from a venture capital fund,
reports TechCircle. The company is planning to use the fresh funds to develop
its product further and increase its sales efforts.
Sachin Agarwal and Bishan Singh in 2012, ePoise offers a unique cloud-based
automated video interviewing solution for enterprise and corporate customers. Both
Agarwal and Singh are alumni of London School of Business.
Agrawal was 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. Singh has over
13 years of corporate experience, including a brief stint in IT solutions
company Synchron, before co-founding ePoise.
In its service,
the client sets the questions which are put to candidates. The candidates are then automatically
video-interviewed at a time set by the company.
The interview 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.
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 startup also guarantees an almost 8x faster evaluation time of the
candidates, thus saving a massive amount of time, usually spent on other manual
Last year, the
company had raised an undisclosed amount in funding from friends and family