Talent platform startup Supersourcing raises half a million in seed funding to end the talent war
Supersourcing, a talent platform for hiring remote engineers, has raised half a million dollars in their seed funding round from multiple investors. They are helping early-stage startups and enterprises to employ top-notch remote engineering talent and build ambitious Tech products. Other unicorn establishments in the tech hiring space have also raised funds with Andela raising $380 million and Turing raising $153 million.
The brand will use these raised funds to fuel its expansion and to scale operations to ultimately capture their market share and build a strong brand presence. The bright future of the growing outsourcing market excites the top names in the Tech world to invest in a 16-month-old startup with the aim to end talent wars.
The new round of funding that supports SuperSourcing's vision includes KubeVC (UAE-based VC firm with 5 unicorns in its portfolio), Nitin Sethi (Chief Digital Officer, Founding Leader of Adani Digital Labs), Rajesh Gaur; (Head of Investment Solutions, Zoe Financial) Saurabh Gupta ( Senior Program Manager, Stripe), Arpit Bung (Technical lead, Guidewire) Sandeep Acharya ( Senior Manager IT Applications, Pidilite Industries Limited), Jaykumar Raithatha (Solution Architect, Workplace Safety and Insurance Board) Phani Priya Raju (Angel investor, HeadStart Network - LetsVenture) Sapan Singhai (Business Analyst, Infosys USA), Nikhil Sharma ( Principal Consultant, Capco).
"Every new round of funding is proof that we are heading in the right direction. The entire team at Supersourcing is super excited to gain mentorship from brilliant investors across the board. But, the problem we are solving is huge and there is a long way to go." said Aditi Chaurasia, the Co-Founder and COO of Supersourcing in light of their recent seed funding.
Supersourcing raised its first investment round with some of the biggest names in the Indian Startup ecosystem including Vijay Shekhar Sharma (Founder & CEO, Paytm), Dr. Ritesh Malik (Founder, Innov8 coworking, Nikhil Sharma (Principal Consultant, Capco), Ankush Agrawal (Founder & CEO, Tree Cap Consulting). Believing in the efficient execution and the fast growth of Supersourcing, previous investor Nikhil Sharma re-invested in their seed funding round.
Supersourcing is solving the biggest problem that evolved during the Pandemic:
Many startups struggled with talent crunch during the Pandemic over the last couple of years. Working remotely became a reality but finding qualified remote tech talent became the biggest challenge. Being a part of the IT industry for the last 10 years, Mayank, the co-founder of Supersourcing, witnessed the problem as well.
"If you ask any CIO or startup founders about their biggest challenge in building a successful startup, the answer will be "Hiring." The demand for remote talent surged during the pandemic. Every founder I talked to faced problems finding and managing the qualified remote engineers. To me, it seems like a talent war, so I decided to solve this problem." said Mayank Pratap, the Co-Founder and CEO of Supersourcing.
With 10+ years of IT experience, Mayank and Aditi started to develop the processes and technology to solve the problem. To test their idea on pilot, they developed a tech platform by partnering with high-rated IT agencies once they got through screening tests and quality parameters. Based on the project's requirements raised by different clients, the platform matches remote talent to fulfill the request.
The quick hiring process and quality remote engineers enabled the successful delivery of all projects. As a result, the demand for remote IT talent exploded, and Supersourcing was born. The biggest problems for the remote hiring and outsourcing industries are credibility and opportunities to find the right talent. Supersourcing targets these issues through an AI-enabled platform and a robust screening process.
"After going through rigorous quality checks, agencies and their skills are indexed in our database, which will start appearing as recommendations for a relevant project," said Mayank.
Today, remote hiring of top remote engineers is just a few clicks away. It has become a piece of cake for startups and enterprises. All you have to do is post your requirement and the AI will connect you to the best-suited talent. You can then chat with them, and boom, you have your new hire in a matter of minutes.
The exponential growth of Supersourcing
Within 16 months of its inception, Supersourcing has helped 28 Unicorns, 32 YC-funded companies, 70+ Global VC fund portfolio companies, and 500+ customers to hire the best remote tech talent. Uber, Gusto, Quora, Zoom, NextDoor, Instacart, Asana, Meta, Brex, Amazon, Google, Stripe, Dunzo, Swiggy, Khatabook, Stage, Appointy, Sequoia Capital are some of the big startups in the clientele of Supersourcing.
Supersourcing has shown rapid growth within a short time, winning their investors' trust. Within 16 months, they have crossed $3M ARR, with a 20% month-on-month growth. They have a talent pool of 15000+ engineers and 3000+ talent partner companies to revolutionize the global IT talent outsourcing problem. Being headquartered in Indore, Supersourcing is leveraging the rising tech talent of the cleanest city in India. In an article by Business Insider, Indore, Chandigarh, Warangal, and Kochi are considered to be upcoming hubs of IT Talent.
Mayank focuses on bringing a revolutionary change in the IT Talent outsourcing industry by disrupting the traditional recruiting process. To capture the rapidly growing IT talent outsourcing industry, which is expected to spend over $1.3 trillion by 2023, investors and tech leaders are backing Supersourcing. "We are looking for collaborations and mentorship from the investors and tech leaders of the industry who believe in the future of remote working,” said Aditi Chaurasia.
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