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Aspiring Minds Raises Series A Funding From Omidyar Network

By : Vivek Singh | 9 November 2011
Industry : Technology
Category : Venture Capital

Employability assessment firm - Aspiring Minds has raised series A funding from Omidyar Network and DS Brar - Chairman of COMPSGVK Biosciences.

Jayant Sinha, Partner - Omidyar Network India will join the Aspiring Board. Aspiring Minds will use the funding to extend its offerings to new verticals and expand to new geographies.

Gurgaon based Aspiring Minds was founded by Himanshu Aggarwal and Varun Aggarwal. Aspiring Minds’ Computer Adaptive Test provides standardized employability benchmarks to students and enables employers to evaluate students for job placement. Tarun Khanna - professor at Harvard Business School, is a founding investor in Aspiring Minds.

More than 75 companies use Aspiring Minds’ recruitment solutions, including HCL, Sapient, Ericsson, ITC, SBI Life, Nokia, Keane, and Accor Hotels. Aspiring Minds has aided over 12,000 freshers to get a job on merit in the last year.

Centum Learning and Global Talent Track are the other players operating in this space. Centum Learning raised Rs40Cr from Mayfield India Fund in 2010.

Omidyar Network is an investment firm formed by eBay founder Pierre Omidyar and his wife Pam. To date, Omidyar Network has committed more than $450 million to for-profit companies and non-profit organizations that foster economic advancement and encourage individual participation across multiple investment areas, including microfinance, property rights, consumer internet, mobile and government transparency.



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KVEZAR VIEW

  DEAL TRACKER FOR
DateTransactionTypeBuyerSize ($mn)
09/11/11  Aspiring Minds - Omidyar Network Venture Capital  Omidyar Network 
 
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  Profiles

Fund

NameCorpus Target Sector WebsiteKeyContact
Omidyar Network    Micro Finance   http://www.omidyar.com/  Stephen KingPam OmidyarPierre OmidyarJim BunchTodor TasheyBadri PillapakkamMallika SinghStephanie CohnChris BishkoShreya Deb AgrawalJasjit Mangat  

Company

NamePromotersOfficeCompetitorWebsite
Aspiring Minds Assessment Private Limited  Himanshu Aggarwal
Varun Aggarwal  
24, Pusa Road, 1st Floor     www.aspiringminds.in
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