Source | IndianWeb2
KNOLSKAPE, the Gamification and Simulation software company in talent transformation space, has raised series A funding from Inventus Capital Partners; a US India venture firm managed by successful entrepreneurs & The HR Fund, India’s first human resources (HR) focused private investment company. The investment will be used for international expansion, product innovation and building out global partnerships.
With their extensive experience of scaling up businesses, Inventus Capital will help KNOLSKAPE scale–up their operations globally; The HR Fund at its end will bring in domain expertise and its reach into the global HR community.
Using experiential learning products, KNOLSKAPE helps organizations attract, grow and retain talent. Global Fortune 500 companies, Top10 B-schools and leading HR consulting / training companies use KNOLSKAPE’s Gamification and Simulation products and solutions for onboarding, training, assessments and talent engagement.
According to Rajiv Jayaraman, Founder & CEO – KNOLSKAPE: “Both Inventus Capital & The HR FUND with their expertise will help KNOLSKAPE in shaping the future of learning in India. He further added, “Today with the increase in millennial population in corporates, there is huge challenge to engage the workforce. Moreover with the millennial generation set to occupy half of the global workforce (by 2020), HR has realized an immediate need for engaging youngsters. Thus, ‘Microlearning’ or bite sized lessons in the form of games are a new trend catching up in India.”
According to Vijay Kalangi, Cofounder & CTO – KNOLSKAPE: “Along with global expansion, we will focus on product innovation especially in the areas of HR analytics and mobile platforms. The end goal is to build a formidable team that will revolutionize the way current workforce learns. We want to unlock human potential to help drive organisational performance.”
According to Kulwant Bardh, CEO, APAC – KNOLSKAPE:”We at KNOLSKAPE have always been passionate about creating cutting edge and futuristic products which will help organizations transform the way their people learn. With the kind of growth we are seeing in South East Asia and China, the funding will enable us to implement our mission at scale. Expanding our presence in new markets is the next big leap that’s in store. Exciting times ahead for all us as we reshape the future of learning.”
According to Utkarsh Joshi, Principal, The HR Fund, “According to Gartner, the global market for Gamification solutions will be roughly at $5.5 billion by end2018. Already, global corporations have used it in areas such as customer engagement, loyalty programmes, sales, and are extending it to their internal operations and employees. In India, adoption is often hindered by conventionally ingrained attitudes towards use of such tools at the workplace. But of late, Gamification is being adopted by various corporates to engage the younger workforce.”