Indore startup helps businesses onboard tech talent
While remote work has opened up opportunities for developers around the world, it’s also led to companies struggling to find and retain reliable tech talent.
Start-up based in Indoresays he’s using a community-based approach to solving this problem. It connects a pool of global talent providers with customers looking for engineers.
“We’ve seen hiring remote developers become a pain; last-minute cuts, moonlighting, and insane demand become bottlenecks for any startup looking to scale. The entire startup industry is struggling to find the right talent; if you ask a founder what their biggest pain is right now, they’ll say, ‘the right talent’,” says Aditi Chaurasia, co-founder and COO of SuperSourcing.
SuperSourcing, founded in 2019 by Aditi and Mayank Pratap, is an AI-based platform for selection processes and helps startups and start-ups employ top engineering talent remotely on a contract basis. The platform also hosts a variety of SaaS tools for hiring, productivity management, auditing, and invoicing.
How it works?
SuperSourcing operates on a B2B model. “We are building a marketplace for business and engineers, solving the key issues of hiring engineers globally to manage, operate and scale. Supersourcing is backed by cutting-edge technology and a global network to disrupt the century-old paradigm,” says Aditi.
SuperSourcing combines automated testing with live interviews. The whole product is built on AI and ML architecture. “We analyze thousands of job descriptions and resumes as well as hundreds of data points and reviews to find the right match for each role,” says Mayank.
The platform assesses soft skills such as project collaboration, personality testing, as well as work experience and hard skills such as coding challenges, recorded video responses, and virtual results based on tasks. “We focus on performance, not context. Hire people who are good at doing the job, not just good at interviewing,” says Aditi.
SuperSourcing’s AI model processes thousands of responses, searching for specific words or sentiments that accurately reflect those values. It automates manual processes such as timesheets, status updates, attendance, invoicing, feedback, etc.
Mayank believes strong communication and time management skills are important when hiring a remote developer. “Applicants with more score higher and those with less score lower,” says Aditi.
For post-hire services, he’s built tools to automate timesheets, reviews, productivity, tasks, billing, agreements, time off, and more.
The startup says that while companies typically take around 40 days to complete pre-hiring, with SuperSourcing the process takes around seven days.
“Our AI recommendation engine finds the top 10 developers immediately available. Engineers are pre-approved with communication, programming, situation-based questions, and hands-on assignments. Only 3% of top programmers rely on the cracker,” says Aditi.
“These great curated profiles don’t require interviews; you just need a guarantee of quality of work and professionalism. Yet we take a turn and hire; it is risk free; no deposit, no advance; try first, then trust,” she adds.
Business and revenue model
SuperSourcing is an asset light model and charges a commission on every candidate the client hires on the platform.
The startup claims to have generated $3 million in ARR in 16 months and is growing at a rate of 20% per month.
It charges $99 per month as a platform fee.
To be integrated into the platform, the candidate must have a minimum of four years of experience as a developer. To join as an agency, the organization must have a minimum team size of 50 people.
The platform claims to have helped 28 unicorns, 32 YC-funded companies, Fortune 500 brands. Its clients include the ride-sharing service Zoomsearch engine Googlee-commerce giant hyperlocal delivery startup local food giant and more than 70 global venture capital fund portfolio companies.video conferencing app
Currently, the startup works with over 2,700 software vendors, over 350 funded companies and customers, and over 12,000 developers.
The startup is backed by some of the big names in the Indian startup ecosystem, including Vijay Shekhar Sharma (Founder and CEO, ), Ritesh Malik (founder, Coworking), Nikhil Sharma (Senior Consultant, Capco) and Ankush Agrawal (Founder and CEO, Tree Cap Consulting), to name a few.
Today, SuperSourcing has 52 team members, with the management team working from Bengaluru and the finance and HR team from Indore.
According to Mordor Intelligence, the engineering services market is expected to register a CAGR (compound annual growth rate) of 8% during the forecast period 2021-2026.
In June 2022, SuperSourcing raised $500,000 in funding rounds from multiple investors.
The startup is looking to expand its data growth and engineering team by hiring ML and AI data engineers and analysts in various roles. It plans to onboard 12,000 engineers over the next three months.
SuperSourcing aims to reach $50 million ARR in the coming months.