In Season 3 Episode 2 of Shark Tank, Rahul Arora, the creator of Intervue io, impressed the judges with his innovative solution. Many people are curious about the founders and the story behind Intervue.
The company aims to assist agencies in hiring candidates within a short timeframe of five days, saving a significant amount of time in the engineering and recruiting process. According to Intervue io, they can reduce the typically lengthy 45-day hiring cycle to just 5-7 days.
This is crucial for companies looking to secure the best candidate quickly, as well as for senior software engineers who often participate in interviews without compensation. Stay tuned to learn more about this fascinating company.
Meet Rahul Arora
Rahul Arora, the founder of this business enterprise, has piqued the interest of many after his appearance on the Shark Tank podcast. Hailing from Ludhiana, Punjab, Rahul has honed his skills in technology and communication.
|Approx 32 Years old
|DAV Public School and DAV Institute of Engineering and Technology, Jalandhar
|B.Tech in electrical, electronics, and communications
|Founder & CEO of Intervue io
|Shark Tank Deal
|Rs. 1.5 Crore for 2% Equity
|Shark Aman Gupta, Co-Founder & CMO at boAT
He plays a crucial role in the company by overseeing the hiring process and conducting interviews, which are vital aspects of any successful business. Despite not pursuing a career in medicine, Rahul completed his education at DAV Public School.
He then went on to pursue a Bachelor of Technology (BTech) degree in Electrical, Electronics, and Communications from DAV Institute of Engineering and Technology in Jalandhar, Punjab. If you want to learn more about Rahul Arora, keep scrolling down.
From Employee to Entrepreneur
After completing his college education, Rahul Arora embarked on his professional journey as an intern in software program engineering at ST Microelectronics in Greater Noida. However, Rahul’s true passion lay in entrepreneurship, which led him to establish his own business, Pay22g, just seven months after leaving his job.
This venture aimed to capitalize on the relatively low internet usage in India at the time by offering a website that provided cashback and instant mobile recharge services.
After a year, Rahul transitioned to Aspiring Minds, where he worked in both the engineering and sales departments. Subsequently, he joined ReTech Labs as a front-end engineer, where he developed a web-based application similar to Uber for retail automation in the B2B sector.
Building a Career in Software Engineering
After completing his tenure as a Senior Interactive Developer at Sapient for a year, Rahul moved on to work as a senior software program engineer at Paytm for eight months.
However, it was during his 2.6-year stint as a lead engineer for Deutsche Telekom that he faced the challenge of interviewing numerous candidates.
Realizing the need for a software engineer to conduct technical interviews, Rahul found himself unable to dedicate enough time from his primary responsibilities. To delve deeper into this issue, it is recommended to read the entire article for a comprehensive understanding.
The Birth of Intervue io
On the other hand, the software engineer who showed up for the interview received no price. The answer to each problem is Intervue io. Hiring a candidate through the app saves enterprise time.
It is likewise paid for with the aid of the interviewer. An interviewer typically receives 40–50% of the full repayment. The rest is owned by the business. From a professional viewpoint, they have created the first-class factor everybody ought to ask for.
It is the instant deposit into the interviewer’s bank account following the conclusion of the interview. Keep reading to know more.
Shark Tank Success
The founder of Intervue.Io and Pushpinder, a companion from Ghaziabad, Uttar Pradesh, take a look at Shark Tank. They call for a deal worth Rs. 1.5 crore in exchange for 1% equity. His sharp imaginative and prescient impresses the sharks.
Shark Aman gives Rs. 1.5 crore in trade for 2% ownership. For 3% fairness, Shark Anupam offers Rs. 1.5 crore. Subsequently, Aman and Deepinder made a joint provide for Rs. 5 crore in exchange for 10% equity.
Rahul struck the very last settlement for Rs. 1.5 crore for two fairness with Shark Aman Gupta, co-founder and CMO of boAt. Go below for more details.
Intervue: Solving Hiring Challenges
An Indian startup called Intervue made a look at Shark Tank India’s 2nd episode of season 3. When they lease candidates, they may be supporting corporations to remedy two troubles.
First, there isn’t an interviewer to be had; 2nd, interviews need to be completed on time. According to the founders, their platform is utilized by many well-known tech corporations who connect with engineers online and hire them through their Intervue platform.
Interviewees receive compensation as nicely. Be with the reading for not to miss any single piece of information.
Raising Capital and Future Plans
With a publish-money valuation of Rs. 7 crore, Intervue raised capital from Titan Capital for the first time, paying Rs. 88 lakh. The founder states that the senior software engineer undertaking the candidate interviews makes roughly Rs. 60,000 a month in income.
Above Rs. 2 lakhs has been the highest. Later on, in July 2022, they raised the price range all over again.
After their pitch was filmed, their cope with Aman Gupta did not close, in line with our studies at the corporation Intervue, notwithstanding the authentic settlement on the show. Stay tuned for further latest news updates.