Shortlist, a Mumbai, India-based employment tech startup, raised $1m in seed funding.
Backers included US-based private equity firm University Ventures, Indian angel investor Samir Shah of Sattva Capital, Kenya-based seed fund Zephyr Acorn, global impact investor Farm Fund at ImpactAssets, US-based investor Bodley Group, and other individuals in India and the United States.
The company will use the funds to enhance its data-driven talent screening product, which automates applicant vetting using online competency-based assessments.
Led by Paul Breloff, co-founder and CEO, Shortlist provides companies in India and East Africa with a solution to hire for early and mid-career roles based on demonstrated potential and skill, rather than pedigree. The startup’s technology creates a single application flow to engage candidates across a company’s sourcing channels, including job boards, referral programs, and existing third-party recruiters.
Shortlist then screens these candidates using chat-based interviews, online competency assessments, and other proprietary tools that predict how candidates will perform in a particular role. Employers receive access to interview-ready candidates, streamlining the time-consuming and bias-prone phases of hiring, and engaging with the applicants who possess the right ability, experience, and fit for their teams.
Launched in 2016, the company’s tools are used by over 80 companies including Ather Energy, M-KOPA, MicroEnsure, and Xynteo, among others.
Shortlist also has offices in Hyderabad, and Nairobi.