Intervue Shark Tank India Deal, Platform Secured ₹1.5 Crore Investment

Intervue is used for technical interviews, which are interviews focused on a person’s technical skills, like coding. The software allows employers to interview job candidates remotely, meaning they can do the interview over the internet instead of meeting in person. It has features like letting the candidate write and run code, as well as tools for audio and video calls. The goal of Intervue is to simplify the entire interview process, from take-home assignments to in-person interviews. They provide a tech-enabled service platform for businesses to find and hire candidates. Intervue locates qualified candidates and forwards them to the businesses, who then select 70% of the candidates recommended by Intervue.

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Intervue was founded by two software engineers, Rahul Arora and Pushpinder Singh Rautela, who previously worked together at PayTm and had been friends for 5 years. Rahul, who is from Ludhiana, Punjab, graduated with a bachelor’s degree in Electrical, Electronics, and Communications Engineering and also has an ITIL certification. He got the idea for Intervue after realizing the typical 45-day interview process could be streamlined, and the company claims it can fill positions in just 7 days. Pushpinder, the CTO, is from Ghaziabad and also has a software engineering background from Delhi University. The two co-founders launched Intervue based on Rahul’s insight about improving the hiring process.

Intervue has streamlined the technical interview process and integrated with various other platforms like Calendly, Notion, Recruitee, and Greenhouse. By using Intervue, businesses have seen a reduction in the average time to fill a position, from 45 days to 7 days. Typically, 7 out of 10 recommended candidates are hired by the businesses. Intervue has over 100 businesses using their platform, and they conduct more than 500 interviews every day. The platform is claimed to be the fastest online programming environment in the world, and it also helps prevent cheating during the interview process. Interviewers working with Intervue can earn between ₹60,000 and ₹70,000 per month, and they get paid immediately for conducting interviews.

Rahul Arora and Pushpender Rautela appeared on Shark Tank India Season 3 to pitch their platform. Rahul and Pushpender were seeking an investment of ₹1.5 crores for a 1% stake in their company, which had a valuation of ₹150 crores. Aman Gupta made the first offer of ₹1.5 crores for a 2% stake, valuing the company at ₹75 crores. Anupam Mittal then offered the same amount but for a 3% stake. Deepinder Goyal was interested in the business but Aman Gupta suggested they invest together. Aman and Deepinder jointly offered ₹5 crores for a 10% stake, with Aman contributing ₹1.5 crores and Deepinder the remaining amount. The entrepreneurs countered, saying they could not accept the valuation of their previous funding round of ₹15 crores. Deepinder and Anupam then withdrew their offer. Aman Gupta then offered ₹1.5 crores for a 2% stake, which the entrepreneurs countered with ₹1.5 crores for a 3% stake. After some discussion, the entrepreneurs eventually accepted Aman Gupta’s offer of ₹1.5 crores for a 2% stake, valuing the company at ₹75 crores.

Intervue is a company that operates in a competitive landscape. Intervue has a total of 174 competitors, and it ranks 17th among them.  Out of Intervue’s 174 competitors, 26 of them are funded. Additionally, 9 of Intervue’s competitors have already exited the market, which could be through an acquisition or some other form of business closure. In total, Intervue and its 174 competitors have raised over $259 million in funding across 81 funding rounds. This funding has involved 327 different investors, indicating a significant amount of investment activity in this industry. Furthermore, there are 9 acquired companies within the entire competitive set, meaning that some of Intervue’s competitors have been acquired by other businesses, potentially as a result of the competitive landscape.

• HackerRank: A cloud-based technical assessment platform for IT, founded in 2009 and based in Mountain View, USA. It has raised $115 million across 7 funding rounds.
• HackerEarth: A cloud-based assessment platform for IT recruitment, founded in 2012 and based in San Francisco, USA. It has raised $11.5 million across 6 funding rounds.
• CoCubes: An assessment and hiring platform, founded in 2007 and based in Gurgaon, India. It has raised an undisclosed amount of funding across 2 rounds.

• The Founders, who own the majority of the company’s shares at 86.38%. Their net worth from these shares is around 5.58 crore Indian Rupees.
• Angel investors, who own 9.30% of the company’s shares.
• A Fund, which owns 4.33% of the company’s shares.

Shark Tank India is a thrilling reality show where budding entrepreneurs pitch their business ideas to a panel of seasoned investors, seeking funding and mentorship to grow their ventures.