Talent retention and analytics firm Jombay has raised undisclosed funding in its second round of institutional funding from VentureWorks India. This round also saw participation from Nikunj Jhaveri, chairman of Systems Plus Group of companies, as per the press statement.
With this transaction, VentureWorks founder Keshav Sanghi will join Jombay’s advisory board.
The funding will be used towards expanding its product range which would cover the entire employee lifecycle.
Jombay was founded in 2011 by Mohit Gundecha and Suruchi Wagh. It first started as a firm which prescribed psychometric tests. Gradually, it expanded its services into performance management, learning and development areas.
The company has some big clients which includes HDFC, Citi, Nestle, TATA AIA, Sun Pharma, Taj Group among others. Jombay works with about 150 customers for services around talent identification, performance, promotions and leadership development.
The startup has previously raised funding from Patni brothers-backed Nirvana Ventures in 2011.
Mohit Gundecha, co-founder, Jombay said,
“Our most popular scenario is the first time and middle level management. Identification and development of managers at these levels is a big time problem that today’s corporates face and we hope to address this,”
Of late, there has been a lot of interest from investors in the talent management firms. There is a big demand in the startups for these services as they look for right talent fit for their companies.
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