Global human resources consulting firm Mercer has acquired Mettl, a Gurugram-based online talent assessment firm for an undisclosed amount.
According to the US-based company, the acquisition marks its entry into the global talent assessment market and further enhances its position as a trusted strategic talent advisor to companies.
On the other hand, the nine-year-old HRTech startup aims to expand its reach and increase its scale in global markets.
According to a TechCircle report, all of Mettl’s 11 investors exited following the acquisition.
Founded by Ketan Kapoor and Tonmoy Shingal, Mettl offers solutions to track and measure technical, aptitude and psychometric skills of potential and existing employee. The SaaS platform claims to assist 2,000 global companies, 24 sector skill councils and 15 educational institutes in over 80 countries.
In its early years, Mettl had managed to onboard Blume Venture and Kalaari Capital as investors. The startup got Rs 1.6 crore backing from Blume in 2011 and $4 million Series A round led by venture capital fund Kalaari.
Since then capital flow for Mettl went almost nil and it did not show any internal or other institutional funding round in its financial statements.
Although the firm has not raised any capital since Series A, it claims to have EBITDA positive with a quarter-on-quarter growth of 20 percent across all markets and product offerings.
The company further aims to clock a turnover of Rs 200 crore by 2020.
Mettl’s portfolio includes Accenture, Capgemini, MakeMyTrip, Yatra, Wipro, SAP, KPIT, Cognizant, Samsung, NASSCOM, L&T, and several others.