Emagine People Technologies in talks to raise Series A round

KOLKATA: Emagine People Technologies, a vendor marketplace in recruiting, has appointed a boutique investment bank to raise Series A round to fund investments in technology and enhance the integrated AI/ML platform, which the company has been developing. The proceeds of this round will be deployed to build a technology centre housed in Pune and also fund market expansion activities.

The company is said to be in advanced discussions with a couple of international investors. Another investment firm from NY, backed by seasoned Wall Street bankers, have already confirmed their intent to co-invest in the platform.

The company was set up through a seed investment via the India arm of global executive search firm EMA Partners.

K Sudarshan, managing director of EMA Partners India, confirmed the development but did not elaborate the specifics as they are still in discussions with potential investors. But he said Emagine has already fulfilled over a 1,000 jobs with marquee clients in the last 16 months through its platform, which houses over 500 vendors.

The business model is scalable and the company has the potential to expand to other emerging economies, added Sudarshan.


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