Unacademy Group Company Relevel Raises $20 Million
● Unacademy infuses $20 Million in Relevel on the back of strong traction witnessed in user growth, hiring company partnerships, and placement rate ● Capital to be used for scaling up the Relevel team, strengthening the platform and expanding the suite of tests to improve the variety of job offerings
Mumbai: Relevel, an Unacademy group company, today announced it has raised $20 Million from the parent company. The fund raise comes within just four months of the launch of Relevel, on the back of strong traction witnessed in user growth, hiring company partnerships, and placement rate.
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 a 100% placement rate of users who have qualified in the tests. Relevel has on its panel 64 active companies across sectors which have interviewed candidates on the basis of the tests.
Companies hiring via Relevel have rolled out offers in less than a week since being onboarded. 60% users who have received the job offers are freshers and experienced users have received salary hikes which 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.
Relevel 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.