Connect with us

Funding

Bengaluru Based Startup HackerEarth Raised $ 4.5 Million In ‘Series-A’ Funding

Published

on

HackerEarth, bengaluru based startup HackerEarth, HackerEarth funding, HackerEarth funding, startups in bengaluru, HackerEarth Series A funding, Sachin Gupta, Vivek Prakash, HackerEarth recruit, HackerEarth sprint, HackerEarth products,

Bengaluru-based startup technology company HackerEarth recently raised $4.5 million in Series A funding. Founded by Sachin Gupta and Vivek Prakash in 2012, HackerEarth is a competitive programming platform which supports over 32 programming languages.

Going deeper into the details, the current funding of $4.5 million has been led by strategic investor DHI Group Inc., which operates career based website Dice.com, followed by BEENEXT, Singapore-based early stage venture fund, Startup platform BEENOS and also from online marketing firm Digital Garage and BizReach.

Prime Venture Partners, HackerEarth’s current investor also participated in this funding round, which raised as much as $5 million till date. The funds raised till now will be used to strengthen its product team and expand its business internationally.

Sachin Gupta, CEO, and Co-Founder of HackerEarth said in an interview: “We see good potential in this space and want to invest in growing this business. This is in line with our efforts to build a large developer community across the globe and help companies do better talent management.”

There also news that HackerEarth has spread its presence overseas like in African and South American markets like in Mexico, Brazil, Bolivia, Kenya, Nigeria, and Venezuela. This firm basically focusses on evolving their SaaS product called Sprint.

The founders of HackerEarth, Sachin and Vivek said that their goal is to assess the talent of developers under objective parameters of quality (of code) and the problems they crack over time.

He also recalls saying: “Our anecdote to start up was in college, when we saw the best guy in our batch not getting placed. We realized that the way engineers or developers were evaluated is very subjective and riddled with biases. But the thing about developers is that their skill is so objective, and it wasn’t being objectively assessed.”

HackerEarth was founded in November 2012 and this startup secured $ 500,000 from startup incubator AngelPrime and GSF Accelerator in 2014. Basically, this organization helps recruiters in finding the right candidate for technical jobs and also in assessing candidates.

HackerEarth has two products:

1) Recruit, which is a candidate assessment platform that allows recruiters to create programming tests and evaluate candidates.
More than 500 companies including Amazon, Walmart, and Cognizant have used it for technical assessment. The annual subscription fee ranges from $5,000 -$30,000.

2) Sprint: An innovation management platform for businesses. This offers end to end management capabilities for hackathons. The annual subscription fee for Sprint will be $ 30,000-$ 50,000.

The company makes a revenue of about $ 350,000 in a month, which is expected to shoot up at least 75%in the next 12 months. With more than 700 customers, the company expects to double up its customer count by next year.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Funding

Agritech Startup Gramik Raises INR 17 Crore to Expand Rural Commerce in India

Published

on

StartupStories
  • Gramik, a Lucknow-based agritech startup, has secured INR 17 crore in a bridge funding round ahead of its upcoming INR 56 crore Series A raise.
  • The funding round included investments via Optionally Convertible Debentures (OCDs) and Compulsorily Convertible Debentures (CCDs).
  • Key investors include Sammaan Global Ventures, Money Creeper Investment, and prominent angels such as Balram Yadav (MD & CEO, Godrej Agrovet), Gev Aryaton, Irfan Alam, Nikhil Bhagat, and Salvia Siddiqui.

Gramik’s Unique Peer Commerce Model

  • Founded in 2021 by Raj Yadav, Gramik empowers over 120 million small and marginal farmers in India through a technology-driven rural commerce platform.
  • The startup operates a dual-channel distribution network using Village-Level Entrepreneurs (VLEs) and rural retailers to deliver high-quality agri-inputs to remote areas.
  • Gramik’s full-stack platform offers demand aggregation, logistics, embedded credit, and agronomy services, ensuring last-mile delivery and support for farmers.

Expansion Plans and Future Growth

  • Gramik currently operates in 12 districts, with 1,200+ active VLEs and 250+ rural retail partners, and plans to expand to 3,000 VLEs and reach 1 million+ farmers across Uttar Pradesh, Maharashtra, and Jammu.
  • The new funds will be used to expand Gramik’s private-label products, enhance agronomy-led farmer engagement, and scale operations in key states.
  • With a strong focus on supply chain efficiency, technology, and farmer advisory services, Gramik aims to become a leader in India’s $50 billion agri-input and rural commerce market.
  • Backed by previous seed funding of over INR 25 crore, Gramik is set to drive innovation and inclusive growth for rural communities.

 

Continue Reading

Funding

Reliance Jio Platforms Puts $100 Billion IPO on Hold to Focus on Growth

Published

on

Reliance Jio Platforms, the digital and telecom powerhouse led by Mukesh Ambani, has decided to postpone its highly anticipated initial public offering (IPO), shelving plans for a 2025 listing. The IPO, which analysts valued at over $100 billion and expected to be India’s largest-ever stock market debut, will not take place this year. The company has yet to appoint bankers for the process, signaling that preparations for the public offering have not started in earnest.

According to sources close to the matter, Jio Platforms wants to give its business more time to grow before going public. The company is focusing on boosting revenues, expanding its telecom subscriber base, and scaling up its digital services—including apps, connected devices, and AI solutions—so it can achieve a higher valuation when the IPO eventually happens. Nearly 80% of Jio Platforms’ $17.6 billion annual revenue currently comes from its telecom business, Reliance Jio Infocomm, but the company is investing heavily in new digital ventures and partnerships, such as its collaboration with Nvidia on AI infrastructure.

The news of the delay impacted the market, with shares of parent company Reliance Industries falling by up to 1.8% following the announcement. Despite a strong IPO environment in India, Jio’s move is seen as a strategic decision to ensure stronger business fundamentals and a higher valuation before entering the public markets. Major investors, including Google and Meta, are said to support the decision, viewing it as a step toward long-term value creation.

Continue Reading

Funding

Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

Published

on

Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

Continue Reading
Advertisement

Recent Posts

Advertisement