Tuesday, 3 May 2016

KNOLSKAPE receives series-A funding from Inventus Capital & The HR Fund

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, Top-10 B-schools and leading HR consulting / training companies use KNOLSKAPE’s Gamification and Simulation products and solutions for on-boarding, 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 Utkarsh Joshi, Principal, The HR Fund, “According to Gartner, the global market for Gamification solutions will be roughly at $5.5 billion by end-2018. 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.”
Samir Kumar, Managing Director – Inventus commented, “ Talent plays a key role in the success of companies, and KNOLSKAPE, with its technology powered, gamified learning solutions, helps its clients upskill their talent pool. We’re happy to be partnering with a passionate entrepreneur like Rajiv in his journey, and together, hope to build an organization that creates a global impact.”