Intervue, a company focused on offering recruitment solutions through an AI-powered platform, pitched its business to the sharks. The founders explained how their platform uses artificial intelligence to streamline the hiring process by automating the shortlisting of candidates based on their resumes, skills, and other data. Their service assists businesses in effectively shortlisting the best personnel by sifting through resumes, candidate profiles, and other data. By using AI, they may shorten the hiring process and improve its quality, which will ultimately result in better placements and employee retention.

Company Name: Intervue

Founder: Rahul Arora, Pushpender Singh Rautela

Product: Conducts technical interviews online

Highlights

• In order to enable companies to make data-driven recruiting decisions, the creators showed that their AI model could effectively sort through resumes and other candidate data.
• Founders explained how the platform not only enhances the recruitment process for companies but also provides a better match between candidates and employers.
• To solve this problem, the Intervue platform leverages AI to analyze vast volumes of applicant data and find the most qualified candidates for a given position. The system’s real-time insights and ability to assist businesses in making better decisions were explained by the founders.
• Aman Gupta was especially intrigued by the concept of employing AI to automate hiring procedures. He saw a lot of promise in a technology-driven employment solution and valued the product’s scalability.
• Concerns about the competitive environment and the necessity for the founders to further distinguish themselves in the market were voiced by Vineeta Singh. She believed that the entrepreneurs needed to have a clear go-to-market plan because the field was congested.
• Although Anupam Mittal was fascinated by the AI technology, he had doubts about the company’s ability to grow and capture a sizable portion of the market.
• Namita Thapar also expressed worries about the company’s long-term survival and profitability in light of the fierce competition in the recruiting technology market.
• The sharks acknowledged that AI might present substantial development potential and underlined the significance of scalability in a competitive business.
• Aman Gupta’s offer of ₹1.5 Crore for 2% equity demonstrated his faith in the startup’s potential. After a quick debate, the founders agreed to the deal since they were happy with the offer.

Pitch Details

Ask: ₹1.5 Crore for 1% equity

Deal: After negotiations, Aman Gupta secured a deal for ₹1.5 Crore for 2% Equity.

Investors: The investment came from Aman Gupta.

Conclusion

The Intervue story is a classic example of sharks betting on AI’s ability to disrupt traditional industries. Even though the pitch showed a lot of promise in the recruitment area, it was clear that the entrepreneurs needed to work hard to differentiate their product and grow quickly in a competitive field. However, they were able to expand their business with Aman Gupta’s investment, which included not just financial support but also strategic direction and help. The founders demonstrated a scalable and effective platform that streamlines hiring through artificial intelligence, providing notable benefits in terms of accuracy and speed.

Aman Gupta recognized enormous potential in the product’s ability to disrupt the recruitment industry and made an offer of ₹1.5 Crore for 2% equity, despite worries about competition and the need for distinction. The partnership with Aman Gupta gives the firm the money it needs to improve its product and grow rapidly in a cutthroat field, as well as priceless industry knowledge and coaching. The pitch emphasized how investors are increasingly searching for cutting-edge technologies with scalability and disruptive potential, as well as the growing significance of AI-driven solutions across a range of industries. The program concluded by highlighting the bright future of recruitment technology and how the development of AI-powered solutions in this field may be accelerated with the correct strategic support.

Significant findings

• AI in Recruitment
• Scalability
• Investor Confidence

Key Takeaways from the Episode

1. Every pitch emphasized the value of having a strong vision and well-defined execution strategies in addition to a strong enthusiasm for the product.
2. To thrive in a congested market, the food and fitness industries require distinct differentiation tactics.
3. Automation and AI are becoming more and more valued in fields like hiring, where they have the potential to upend established practices.
4. Scalability, market potential, and the capacity to establish a distinct market niche are of special interest to investors.
5. The episode emphasized the significance of having a distinct differentiator, particularly in a competitive market, in technology-driven businesses like artificial intelligence.