About Equip
Equip is a company based in Bengaluru (India) founded in 2020 by Jayanth Neelakanta. It operates as a SaaS (Software-as-a-Service), and Pay-per-Use / Usage-Based. Equip has raised $400 thousand across 1 funding round from investors including Better Capital. Equip offers products and services including Online Skill Tests, AI Proctoring, and Programming Tests. Equip operates in a competitive market with competitors including MeritTrac, Aspiring Minds, Cappfinity, TestGorilla and Mikiwame, among others.
- Headquarter Bengaluru, India
- Founders Jayanth Neelakanta
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Socratease, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$400 K (USD)
in 1 rounds
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Latest Funding Round
$400 K (USD), Seed
Sep 06, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Equip
Equip offers a comprehensive portfolio of products and services, including Online Skill Tests, AI Proctoring, and Programming Tests. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Skill tests are provided for hiring candidates efficiently.
AI proctoring is used to prevent cheating online.
Programming skills are evaluated with automated ranking systems.
Funding Insights of Equip
Equip has successfully raised a total of $400K through 1 strategic funding round. The most recent funding activity was a Seed round of $400 thousand completed in September 2022. 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 1
- Last Round Seed — $400,000
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First Round
First Round
(06 Sep 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Seed - Equip | Valuation | Better Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Equip
Equip has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Better Capital. 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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Early-stage companies are invested in by Better Capital.
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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.
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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 Equip
| 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 |
Financial Statements - Equip
| 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 |
Equip Comparisons
Competitors of Equip
Equip 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 MeritTrac, Aspiring Minds, Cappfinity, TestGorilla and Mikiwame, 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 |
Assessment solutions are provided for enterprises and educational institutions.
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| domain | founded_year | HQ Location |
AI-based assessments for enterprise candidate skills are provided.
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| domain | founded_year | HQ Location |
Cappfinity is recognized as a leader in talent acquisition and management solutions.
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| 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 |
Cloud-based aptitude and personality test platform for enterprises
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| domain | founded_year | HQ Location |
Enterprise recruitment is managed via software with analytics and assessments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Equip
Frequently Asked Questions about Equip
When was Equip founded?
Equip was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Equip located?
Equip is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Equip?
Jayanth Neelakanta is the current CEO of Equip. They have also founded this company.
Is Equip a funded company?
Equip is a funded company, having raised a total of $400K across 1 funding round to date. The company's 1st funding round was a Seed of $400K, raised on Sep 06, 2022.
What does Equip do?
Equip is utilized for delivering online skill assessment tools tailored for hiring processes. Various sectors including tech and non-tech hiring, campus recruitment, and student assessments are served. Solutions such as AI-enabled proctoring, programming tests, psychometric evaluations, and communication tests are offered to streamline candidate screening and shortlisting. The platform is trusted by industry leaders globally for effective talent assessment.
Who are the top competitors of Equip?
Equip's top competitors include MeritTrac, Cappfinity and Mikiwame.
What products or services does Equip offer?
Equip offers Online Skill Tests, AI Proctoring, and Programming Tests.
Who are Equip's investors?
Equip has 1 investor. Key investors include Better Capital.
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