Predict your next investment

Corporation
INTERNET | Internet Software & Services / HR & Workforce Management
talentpad.com

See what CB Insights has to offer

Stage

Dead | Dead

About TalentPad

TalentPad, formerly TalentAuction, is a New Delhi based online recruitment platform that connects talent with employers in the technology/internet/analytics space.

TalentPad Headquarter Location

New Delhi,

India

Latest TalentPad News

Exclusive: Bus pooling startup Trevo shuts operations

Nov 25, 2015

| 0 Comments Trevo aggregated tourist and chartered buses in Delhi-NCR. Trevo , a bus aggregation startup based in the national capital region, has shut shop after operating for barely a month. Nikhil Vij and Raghav Jain, two of Trevo’s co-founders, said the company has stopped operations but refused to disclose more information. “We have halted our operations. We are not running the app now,” Vij said. Trevo was  launched  in early October by IIT and IIM alumni Mayank Jain, Raghav Jain and Vij. The trio had last year launched TalentPad.com, a technology recruitment marketplace that shut shop in August. Mayank and Raghav had previously formed a social referral startup called Zobtree that was also shut down. Raghav Jain and Vij refused to say whether they plan to re-launch Trevo. “While we are not operational on the Trevo app now, we haven’t completely shut down,” said Jain. “We are… figuring out what’s next. We will have some clarity on our next move in a couple of weeks’ time.” The duo also declined to disclose the reasons behind the startup’s closure. However, a person familiar with the development said the company was struggling due to lack of funds. “With a high cash burn rate, they couldn’t survive for more than a month and eventually shut down operations around Diwali,” the person said. Trevo aggregated tourist and chartered buses in Delhi-NCR. At the launch, Trevo claimed to have offered rides to about 2,000 passengers every day at Rs 5 per kilometre. The company had plans to cover 25,000 passengers across 100 routes in Delhi-NCR by the end of this year and was reportedly scouting for Series A funding of up to $10 million. Trevo launched operations in Gurgaon with a team of 15, according to one of its employee’s LinkedIn profile. According to Mayank Jain, all employees of TalentPad had been absorbed into Trevo. When asked about the fate of Trevo employees, both Raghav Jain and Vij refused to comment. TalentPad, formerly known as Talent Auction, was a curated marketplace for technology recruitment based out of Bangalore. The company, while closing its operations in August, attributed the move to its inability to figure out a scalable business model. “One of the things that our entire team has been passionate about is making a big impact to a wide ranging audience. We could not figure out a way to achieve that,” it said in a blog post at the time of shutting down. Before launching their ventures, Mayank was an entrepreneur-in-residence at Smile Group. Raghav was an equity research analyst at JP Morgan while Vij was a quantitative analyst at Morgan Stanley. TalentPad had raised an undisclosed sum in its first round of institutional funding from Helion Venture Partners in October last year. In May this year, TalentPad had acquired OptimizedBits, a tech recruitment platform, for an undisclosed amount.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing TalentPad

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned TalentPad in 1 CB Insights research brief, most recently on Dec 8, 2021.

Expert Collections containing TalentPad

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

TalentPad is included in 1 Expert Collection, including HR Tech.

H

HR Tech

3,970 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.