Skillate Laboratories Private Limited
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Skillate Laboratories Private Limited - overview
Established
2016
Location
Bangalore, Karnataka, India
Primary Industry
Internet
About
Skillate Laboratories Private Limited is an AI-driven recruitment platform that enhances the hiring process for organizations through automation and advanced matching technologies. Skillate Laboratories Private Limited, founded in 2016 by Anand Kumar and Kumar Sambhav, operates from its headquarters in Bangalore, India. The company focuses on providing an AI-powered recruitment platform, streamlining the hiring journey for businesses. In September 2022, Skillate was acquired by Sense Talent Labs, Inc.
from Incubate Fund, although financial terms were not disclosed. Since its inception, Skillate has completed a total of 3 deals, with the most recent funding round being INR 65. 930 mn, which contributed to a total amount raised of INR 65. 930 mn, and the current company valuation stands at INR 450.
072 mn. Skillate offers an AI-powered recruitment platform designed to streamline hiring processes for organizations. The platform features an AI-Powered Matching Engine, Chatbot Screening, Resume Parser, Auto Interview Scheduler, and a Job Description Assistant. These tools automate various hiring stages, improving efficiency and enhancing the candidate experience across sectors like technology, healthcare, and retail.
Skillate serves clients in India, Southeast Asia, and is expanding into Europe and North America. In the most recent year, Skillate reported revenues of INR 1,020,158. 50 and an EBITDA of INR 49,546. 20, generated through a subscription-based model that enables businesses to access its recruitment tools.
This model accommodates varying business sizes, allowing both small startups and large enterprises to benefit from Skillate's offerings. Looking ahead, Skillate plans to introduce new products aimed at enhancing recruitment capabilities, with specific release dates to be announced. The company is targeting expansion into new markets, particularly in Europe and North America, by 2024. The recent funding of INR 65.
930 mn is expected to support these initiatives, aligning with Sense Talent Labs' strategy to enhance AI-powered talent engagement for global brands, including major companies like Sony and Coca-Cola.
Current Investors
Sense Talent Labs, Inc., Incubate Fund
Primary Industry
Internet
Sub Industries
Recruitment/Executive Search, Web Applications, HR & Workforce Software, Analytics & Performance Software
Website
www.skillate.com
Verticals
Artificial Intelligence
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Skillate Laboratories Private Limited - timeline of key events
Skillate Laboratories Private Limited - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 380,000 | 106,500 | 2,394,613 | 4,862,826 | 6,863,319 | - | - | - |
| % Revenue Growth (YoY) | - | (72.0%) | 2148.5% | 103.1% | 41.1% | - | - | - |
| EBITDA (USD) | 30,670 | (4,615,158) | (13,686,153) | (24,688,391) | (41,668,956) | - | - | - |
| Operating Income (USD) | 30,670 | (4,664,856) | (13,905,095) | (25,060,586) | (42,341,634) | - | - | - |
| Operating Margin | 8.1% | (4380.1%) | (580.7%) | (515.4%) | (616.9%) | - | - | - |
| % EBITDA Margin | 8.1% | (4333.5%) | (571.5%) | (507.7%) | (607.1%) | - | - | - |
| NET Income (USD) | 21,193 | (4,664,856) | (13,710,356) | (25,054,764) | (41,045,886) | - | - | - |
| % Net Margin | 5.6% | (4380.1%) | (572.5%) | (515.2%) | (598.0%) | - | - | - |
Skillate Laboratories Private Limited - employee data
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