About Aspiring Minds
Aspiring Minds is a company based in San Jose (United States) founded in 2008 was acquired by SHL in October 2019.. Aspiring Minds has raised $5.55 million across 3 funding rounds from investors including Genpact, SHL and Omidyar Network. The company has 304 employees as of April 08, 2024. Aspiring Minds has completed 2 acquisitions, including LetsIntern and Mizcoin. Aspiring Minds operates in a competitive market with competitors including TestGorilla, MeritTrac, Interviewed, Pera and Talocity, among others.
- Headquarter San Jose, United States
- Employees 304 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspiring Minds Assessment Private Limited
- Date of Incorporation 15 Apr, 2008
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$12.78 M (USD)37.4as on Mar 31, 2019
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Net Profit
$1.2 M (USD)164.97as on Mar 31, 2019
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EBITDA
$2.39 M (USD)76.39as on Mar 31, 2019
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Total Equity Funding
$5.55 M (USD)
in 3 rounds
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Latest Funding Round
$2.46 M (USD), Series B
Nov 27, 2019
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Investors
Genpact
& 5 more
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Employee Count
304
as on Apr 08, 2024
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Investments & Acquisitions
LetsIntern
& 1 more
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Acquired by
SHL
(Oct 22, 2019)
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Senior Team
48 people
Sales and Marketing
46 people
Leadership Team
41 people
Software Development Team
28 people
Account Team
27 people
Human Resources and Administration
16 people
Head Team
13 people
Finance and Accounting
12 people
Unlock access to complete
Funding Insights of Aspiring Minds
Aspiring Minds has successfully raised a total of $5.55M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2.46 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $2.5M
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First Round
First Round
(12 Aug 2008)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series B - Aspiring Minds | Valuation | SHL |
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| Aug, 2011 | Amount | Series A - Aspiring Minds | Valuation | Omidyar Network | |
| Aug, 2008 | Amount | Angel Round - Aspiring Minds | Valuation | Dharmesh Ajitsingh Khimji |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aspiring Minds
Aspiring Minds has secured backing from 6 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Genpact, SHL and Omidyar Network. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investing in technology, digital culture, governance, and business initiatives.
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Founded Year | Domain | Location | |
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Talent assessment solutions are provided for hiring and development.
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Founded Year | Domain | Location | |
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Provider of end-to-end business process outsourcing services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aspiring Minds
Aspiring Minds has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include LetsIntern and Mizcoin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile app studio
|
2014 | ||||
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Online Internship Board
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Aspiring Minds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aspiring Minds Comparisons
Competitors of Aspiring Minds
Aspiring Minds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TestGorilla, MeritTrac, Interviewed, Pera and Talocity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for pre-employment testing and recruitment automation is offered.
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| domain | founded_year | HQ Location |
Assessment solutions are provided for enterprises and educational institutions.
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| domain | founded_year | HQ Location |
Advanced simulations for non-technical interviews are created.
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| domain | founded_year | HQ Location |
AI-powered platform is used for unbiased candidate assessment in recruitment.
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| domain | founded_year | HQ Location |
AI-based applicant tracking and assessment software solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aspiring Minds
Frequently Asked Questions about Aspiring Minds
When was Aspiring Minds founded?
Aspiring Minds was founded in 2008.
Where is Aspiring Minds located?
Aspiring Minds is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Aspiring Minds a funded company?
Aspiring Minds is a funded company, having raised a total of $5.55M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $500K, raised on Aug 12, 2008.
How many employees does Aspiring Minds have?
As of Apr 08, 2024, the latest employee count at Aspiring Minds is 304.
What is the annual revenue of Aspiring Minds?
Annual revenue of Aspiring Minds is $12.78M as on Mar 31, 2019.
What does Aspiring Minds do?
Aspiring Minds was founded in 2008 and is based in San Jose, United States. An AI-based platform is operated for enterprises to evaluate candidates on language, cognitive, functional, and soft skills. Tools are included for video assessments, personality evaluations, coding tests, and job simulations. Focus is placed on the talent assessment sector within human resources technology.
Who are the top competitors of Aspiring Minds?
Aspiring Minds's top competitors include MeritTrac, Cappfinity and Mikiwame.
How many acquisitions has Aspiring Minds made?
Aspiring Minds has made 2 acquisitions, including LetsIntern, and Mizcoin.
Who are Aspiring Minds's investors?
Aspiring Minds has 6 investors. Key investors include Genpact, SHL, Omidyar Network, Dharmesh Ajitsingh Khimji, and Tarun Khanna.
What is Aspiring Minds's valuation?
The valuation of Aspiring Minds is $60M as of Nov 2019.
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