Assessments are undergoing a sea of changes with the introduction of new age technologies. As the acquisition space grows and market gets ready for comprehensive solutions, players have a lot of opportunities to offer disruptive products. One such company is Mettl that provides skill assessment for corporate clients for hiring and training and development.
This Gurugram-based startup is now acquired by the world’s largest Human Resource consulting firm Mercer.
Mettl was founded in 2010 by Ketan Kapoor and Tonmoy Shingal and received angel funding of $350,000 from Blume Ventures. After two years, it raised a $4 million in Series A round led by IndoUS Ventures and Kalaari Capital with leading venture capitalist Vani Kola joining the company’s board. After making it to the IE20 list by London & Partners in 2017, the company expanded rapidly. They currently have about 1500 clients globally with their presence in Hyderabad at CLOwork.
Mercer is a leading consulting firm started in 1937 in the United States. It gives technology-driven solutions in the fields of health, wealth and changing career needs of organizations. It is based in more than 40 countries with global operations being held in more than 130. Leading financial services firm Avendus Capital was as an exclusive advisor in this acquisition.
“The combination of Mercer’s pedigree and talent industry experience and Mettl’s leading-edge and scalable proprietary technology platform will enable companies in India to improve their workforce as they prepare for the future of work amidst rapid digitization,” said Anish Sarkar, chief executive officer, Mercer India.
The content created by Mettl’s platform assesses personality, ability, and required skill-set of candidates. Its pre-existing customizable testing library serves the need of an employer just the right way. Their extremely efficient facial and keystroke recognition enabled platform leaves no room for any kind of malpractices. Its services were even reserved by the Ministry of Skill Development & Entrepreneurship (MSDE) for the Skill Development Initiative (SDI) as an assessment provider.
“We are very proud of Mettl’s success to date and joining Mercer will enable us to fulfill our aspirations of being a world leader in talent assessments. By leveraging Mercer’s global footprint and leadership position, we can sustainably scale our presence and reach, helping companies avoid the cost of sub-optimal hiring decisions amid ongoing digital disruption”, said Ketan Kapoor, CEO, Mettl.
This acquisition will enable companies in India to improve their workforce as they prepare for the future of work amid rapid digitalization. CLOwork is extremely happy to be hosting such potential startups disrupting technology in several fields.