JoulestoWatts has acquired an undisclosed amount of funding from Saha Fund and Manipal Global Education Services Ltd. The company has raised the amount in its pre-series A funding round.
Speaking on the development, TV Mohandas Pai, chairman of Manipal Global Education said, “In the global war for talent, increasingly both corporates and extremely talented individuals are seeking the perfect fit on a just in time basis. As technology explodes in complexity, high quality talent in new technologies needs an individual identity and exciting opportunities to create a fast paced response to competitive needs.”
In its official statement, company had announced to utilise funding in strengthening its team, enhancing its technology and to increase its business globally.
Saha Fund was founded by Ankita Vashistha, invests in companies run by women and seeks to promote women in startups.
An alumnus of Cranfield School of Management in the UK, Ankita has worked in organisations like Aureos Capital, Abraaj group, Tholons Capital and Tholons Consulting. Ankita is managing partner at Tholons Capital, which focuses on seed and Series A rounds.
JoulestoWatts provides IT solutions, consulting, talent collaboration solutions,and sales and process outsourcing services. The startup has developed automated recruitment workflow and analytics-based smart search engine profile matching as part of its offerings.