Unacademy Group subsidiary Relevel has raised $20 million within just four months of its launch on the back of strong traction witnessed in user growth, hiring company partnerships, and placement rate.
The fresh capital, which came from its parent company, will be used to scale up the Relevel team, strengthen the platform, and expand the suite of tests to improve the variety of job offerings.
Relevel was founded in May 2021 by Shashank Murali, Saksham Keshri, and Prakash Kumar after becoming a part of the Unacademy Group earlier this year.
Relevel is India’s first hiring platform that empowers job-seekers to showcase their skills through tests and get their dream job within 15 days.
The platform currently has over 2.35 lakh users and democratises access to young Indians to work at some of the finest companies in the country, even if they do not have a college degree.
Relevel has on its panel 64 active companies across sectors which have interviewed candidates on the basis of the tests.
It currently conducts three tests: frontend development, backend development, and business development, all conducted within the span of one day. Selection rounds are designed to assess all skills required for the role in contention.
Users go through MCQ type tests, algorithmic tests, case studies and are even required to build a mini app. The final round of each test is a live interview conducted by an industry expert.
Around 60% of users who have received the job offers are freshers and experienced users have received salary hikes that go as high as 150% of current pay.
The majority of users who have secured employment through Relevel hail from Tier II and Tier III cities in India, which is reflective of the impact Relevel is making in leveling the field for jobseekers.
Relevel gives companies easy access to source and select the best of candidates, pre-assessed on their aptitude, competencies, and skills.