Download as pdf or txt
Download as pdf or txt
You are on page 1of 7

GoPrac

An Automated Interview Platform


which helps with screening &
skilling of Job Aspirants
HR Tech + Ed-Tech Startup
PROBLEM BUSINESS MODEL
• Screening Interview for Job Aspirants is free
Screening Problem :
• Recruitment Fees : Corporates conduct unlimited
● Hiring cycle time for corporates is high. Time to fill a
interview & pay 2% of CTC for every job offer they make
role is 42 Days.
on the platform.
● Inefficient use of hiring manager time due to Low Offer
• Detailed Feedback Cost : Job Aspirants pay Rs 250 per
to Interview Conversion ratio – 10%
interview for detailed feedback and learn from
● Cost of wrong hiring – 30% of CTC
micro-content prepared by industry professionals & Peers.
Skilling Problem :
• Interview Practice Cost : Job Aspirants pay Rs 650 per
● 90% of Job Aspirants are unemployable due to lack of mock interview practice before their campus interviews.
core skills like Problem solving & communication skill.
.
USP
• We assess behavioural skills like problem solving approach,
SOLUTION confidence, persuasion & conflict resolutions skills.
• Customized interview for variety of Job Roles - IT /Non IT
• An Assessment platform for corporates to conduct
• Candidates can take interview at any time, get personalized &
customized interview at scale to screen best fit
adaptive interview experience.
candidates huge pool of talent, increase offer to
• Existing Competitors like Coding / MCQ Test / One way
conversion to 80% & hence reduce their hiring cycle time.
interview/ Live interview platforms are either limited to
• Skill development for Job Aspirants through interview
technical skill assessments or are expensive or are non
Feedback, Practice & 3rd Party courses
scalable.
FOUNDING TEAM

Nitin Rakesh Prasad Jasmeet Singh Sushil Harish Chitta Ranjan (Adviser)

✔ Mtech | IISc Bangalore ✔ Btech. | VTU Bangalore ✔ Btech, MBA | Wales Uni. ✔ Btech, Phd | IIT, Gergia Tech
✔ Product Development ✔ Artificial Intelligence
✔ Software Development ✔ Business Development
✔ Operations ✔ Awardee of best research
✔ Project Management ✔ Operations
✔ Product Marketing paper
✔ Client Servicing ✔ Author of Book
✔ R&D engg., Tejas (06’-09’)
✔ Software Developer – Project
✔ Founder (Gate Academy
(09’-18’)
Manager, Infosys (03’-21’) ✔ Business Manager, Hays ✔ Director Science , Process
✔ GoPrac (18’- current day) (07’-12’)
✔ GoPrac (18’- current day) Miner USA
✔ RGF HR Agent, Associate ✔ Data Scientist , Amazon USA
Director (13’-15’) ✔ GoPrac Advisor ( 18’-current)
✔ Kelly OCG, India Head
(15’-21’)
✔ GoPrac (21’ - current day)
TRACTION & PROJECTION
Average Monthly Revenue not GMV (INR Lacs) Total Bootstrapped Amount INR Lac Financial Year 2020-2021 2021-2022 2022-2023

2 lacs 110 lacs No of Customers / Units 1100 2284 3100

Per Customer / Unit Cost 400 410 770


Total Transactions Per Month Annual Gross Margin (%) / Net Margin (%)

Total Revenue (INR Lacs) 4.5 9.3 24


300 40% / (50%)
Average Transaction Value (INR Lacs) Total Registered Users Total Expenses (INR Lacs) 23 28 48

Gross Revenue (INR Lacs) 4.5 9.3 28.3


770 6000
Net Revenue (INR Lacs) 4.5 9.3 24
Average Margin Per Transaction (%) Total Registered Experts
EBITA (INR Lacs) (18.5) (18.7) (-24)
Currently Manual - 40%
After automation - 82%
450
CAP TABLE & PREVIOUS ROUNDS
Year Post Money Valuation (INR CR) Dilution (%) Investor(s)
Entity %
Founders 95%
Investors 0
Advisors 5%
ESOP 0
Others 0
ASK: INR 4.5 CR @ INR 18 Cr Pre-Money Valuation
Valuation Logic
✔ Global HR tech industry valued at 13x, company offering 9x

valuation based on projected revenue of Rs. 2 Crs for next 12

months.

✔ Reputable clients include Google, Standard Chartered and

TeamLease. Projected revenue could increase to Rs. 7 Crs with new

clients.

✔ Pre-money valuation of 18 Crs with 1.5 Crs already raised from


What’s the Billion Dollar Story here? Why to Invest?
industry veterans. Total investment requirement of INR 4.5 Crs.
✔ India is going to be the Human Resource power house for the world. ✔ Great Space for investment : HR-Tech+Ed-Tech

Global Permanent Recruitment market is $ 30 Billion and $ Indian ✔ The new normal of post-Covid virtual recruitment processes has resulted
market is $ 750 Million.
in a structural shift in recruitment methods and expectations. This
✔ Global Professional Upskilling Market is $ 18 Billion and $ Indian change is driving increased demand for our innovative solution that

upskilling going to be $5 billion by 2025 meets the needs of this evolving market.

✔ By building a personalized & scalable platform for Corporates, Job ✔ Our product is a disruptive solution that revolutionizes both the

aspirants & 3rd Party Content Providers, a billion dollar valuation is not recruitment and learning industries by offering customizable, on-demand
INTERNAL ASSESSMENT
*Our internal assessment is only for representation and every investor should make their own decision for investment. Please note, startup investment is a very high risk investment.

Our Thoughts:
✔ HRtech has seen substantial growth, with global investment in the industry reaching $12.4 billion in 2022. This growth has been supported by
investment from prominent institutional investors, making HRtech a promising market for those seeking opportunities in this space.
✔ Goprac's product is a disruptive solution that revolutionizes both the recruitment and learning industries by offering customizable, on-demand
behavioral assessments and personalized 1-on-1 learning experiences.
✔ The new normal of post-Covid virtual recruitment processes has resulted in a structural shift in recruitment methods and expectations. This
change is driving increased demand for GoPrac's innovative solution that meets the needs of this evolving market
✔ Global HR tech industry valued at 13x, company offering 9x valuation based on projected revenue of Rs. 2 crs for next 12 months.
✔ Reputable clients include Google, Standard Chartered and Teamlease. Projected revenue could increase to Rs. 7 crs with new clients.
✔ Pre-money valuation of 18 crs with 1.5 crs raised from industry veterans. Total investment requirement of 4.5 crs
LINKS:
Website: www.goprac.com

Happy Investing

PITCH DECK: http://ahv.fyi/gopracdeck

DEAL LEAD: BACKUP CONTACT:


Name: Arvind Kalyan Name: Ankitraj Singh
Email: arvind.vemana@alcf.in Email: ankitraj@ahventures.in
Mobile: +91 97908 74653 Mobile: 7219605919

You might also like