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Wrky

Intelligent Talent screening

India, Karnataka
Market: Education, training, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 19.06.2021
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Idea

Wrky.ai (Previously Merge Intern) is Helping SMBs & Startups to enable a skill-led & bias-free talent screening to build & develop greater teams

Current Status

MVP Stage

120+ Companies Signed-up for Early Beta
Early Access shared: 20 companies
Paid Customers: 5
Total Screenings: >2000
Product Integration/Partnership: 2 (Zimyo ATS & Insurjo (The Product Folks)

Market

TG (India Market):
Startups: 50k
- Early Stage: Small team, The Founder does hiring, Easy to capture, Free-tier/Low-ticket
- Growth Stage: Small Recruitment Team, Growth focused, Aggressive hiring

SMBs: 6.3 Mn (Targeting 0.1%) In the process of Digitisation, Has great demand

Global:
Market Size: $5.32 Bn growing at 8.21% CAGR

Problem or Opportunity

- Recruiters are overwhelmed with Resumes (Resume Spamming), On an avg. 1 job post gets 100+ resumes, Manual screening makes the Hiring process longer & increases the cost to fill a position.

- Existing Talent Screening solutions are focused on Enterprise-scale customer but SMBs & Startups remain deprived of data-driven hiring & still resort to older & conventional methods.

- Manual Screening often invites Uncouncios bias & Human errors.

Solution (product or service)

Wrky Talent Screening focuses on enabling Startups & SMBs to opt for data-driven hiring by assessing the candidates using skill-based assessments on the top of the hiring funnel. This helps recruiters to save time in filtering good candidates & Also, saves up the cost to fill in the job position.

Competitors

- Hacker Rank
- HAcker Earth
- Mettl
- IMocha
-Xobin

Advantages or differentiators

-Our Platform focuses on Serving SMBs & Startups, where our competitors are enterprise-focused.
- Accessibility, Customization & Affordability.
- GPT-3 Powered Content Creation

Finance

Avg. Price = INR 4000/mo (Hiring Assessment)
Avg. Price/Employee= INR 999 p.a. (Employee Evaluation)

Aim to Reach reach $1 Mn ARR by 2022 end.

Business model

- Freemium model to capture the customers at an early stage.

- We are following partnership-Chanel to capture the market & partner with HRMS/ATS platforms, Recruitment Platforms, Institutions.

Money will be spent on

60% - Product
35%- Marketing & Sales
5%- Community Development

Offer for investor

Raising $200k at $1.1 Mn Pre-money
(30% round committed)

Raising on CCPS

Team or Management

Risks

- Our Platform relies on the power of Accessibility & customization + Target Segment of SMBs & Startups. If our competitors enter into our segment, we have the risk to lose market share.

Incubation/Acceleration programs accomplishment

Incubated by TAN Advisors (The Angel Network) in strategizing the Initial phase of Product & GTM.

Won the competition and other awards

Received one by CT University (Punjab) for our startup

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video