The Times Group, India’s largest media conglomerate, will collaborate with Coinsilium Group Limited’s portfolio firm, Indorse, by investing the US $
The Times Group, India’s largest media conglomerate, will collaborate with Coinsilium Group Limited’s portfolio firm, Indorse, by investing the US $6.5 Million.
Based on the latest piece of information, Times Group will initiate this team-up with the Singapore based company, Indorse, through its strategic investment arm, Brand Capital.
Indorse is a well-recognized skill validation venture startup which verifies a person’s technical skills and helps companies to find better employees depending upon their candidature. It works on the blockchain network to assess people’s skills.
Indorse To Cater Selection Process in Businesses
The whopping investment from the Times Group will aid Indorse to widen its legs in the Indian market by exploiting the incomparable and influential media network of the country’s largest media house.
With the partnership of Times Group and Indorse, the team aims to draft out an intelligent system which will help the business houses to categorize job aspirants based on their technical skills. This process will reduce the total time of the selection process while also it promises to render to the selection of only potential candidates.
On the Indorse platform, an esteemed team of experts from every corner of the world validates the abilities, expertise, achievements, and some other attributes of the concerned candidate looking for the job.
According to the crucial statistics from ThisWayGlobal, a candidate matching portal, Indorse has entered the Indian market at the right time when the rate of hiring candidates is increasing manifold times in every part of the globe and India is witnessing a substantial 76% rise in the domain.
This increase is a direct result of technological advancement, especially artificial intelligence, and telecommunication development.
The skill validation firm, Indorse, has proven its mettle by giving successful services to both small as well as large technology-based firms in finding the right candidates in less time. Recently, it aided Grab, South-East Asia’s biggest ride-hailing company, in recruiting coding and data science employees.
The CEO and Co-Founder of Indorse, Gaurang Torvekar, said: “This is a privileged opportunity for Indorse. The Times Group is a major media group and has a detailed understanding of key recruitment trends, so its support is a massive vote of confidence in our model. It will help us build the Indorse brand and become a major dependable source for employers seeking candidates with the right skills.”
“We believe Indorse creates real benefits for employers and job seekers alike and the way these groups connect. Our massive media reach to Indian companies, and the country’s large talent pool will energize Indorse in a huge way,” quoted, Sam Subramaniam, CEO of Brand Capital.
With this collaboration, Indorse has added yet another feather to its hat. In six months, the platform has employed 2,000 tech aspirants and 7,000 code reviews.