Introduction:

The traditional hiring process is a broken funnel that loses time and talent at each stage. Companies waste over 35 billion hours screening resumes with out-of-date tools, resulting in a talent pool mismatch. The average time to fill positions is lengthy, lasting several weeks, potentially turning away top candidates who cannot afford to wait. Unconscious biases present throughout the process impede progress, resulting in a less diverse and qualified workforce. This inefficiency results in a staggering $400 billion wasted annually on bad hires.

More than 90% of job boards and applicant tracking systems (ATS) lack AI capabilities. HR professionals, who are frequently overburdened with tasks, often lack the specialised knowledge required to identify top talent – while hiring managers, who are limited to only 30 interview questions, struggle to find the best match. 

Whitetable.aiis tackling this by building intelligent APIs that empower companies to make fast and optimal hiring decisions. Whitetable’s AI APIs revolutionizes hiring by offering autonomous, 10x faster resume ranking, fair candidate assessments, and seamless integration into existing ATS, hiring automation platforms and job platforms. Companies can streamline screening, eliminate biases, and make optimal hires, saving billions globally.

The Whitetable suite includes three APIs to solve this issue. Their Ranking API begins by accurately ranking candidates against jobs, or vice versa. The Question API then recommends the most relevant interview questions based on the candidate's profile and job description, resulting in a more focused and insightful interview process. Finally, their Evaluation API analyses candidate responses impartially, resulting in more fair and objective hiring decisions.

Whitetable.ai has a unique pay-per-use model, charging customers based on the number of human operations performed. The term "human operations" refers to tasks such as ranking resumes. As a result, if 250 resumes are scored using a single API call, each rating will be charged separately.

The team is led by Kamal Kant Gupta (CEO) and Devvarat Meena (CTO). They are both eminent IIT Kanpur graduates. They have a long history of collaboration, having previously founded Learn4o Technology Private Limited together. Kamal brings an entrepreneurial background of more than 9 years, having founded tech and energy-based ventures like Enecon, MyCityNeeds, and SNC Digitals. Devvarat Meena also brings in his valuable experience from founding the company Flynote. Together they have identified a common challenge that  even some of the largest companies in the world face. 

Market Opportunity:

While HRTech has been around for several decades, there are strong tailwinds driving growth and opening up new opportunities in this space. Across the globe, filling job openings necessitates a staggering 5 trillion human operations each year, with India alone contributing over 300 billion. This translates into a global revenue opportunity exceeding USD 50 billion. In India, the estimated revenue opportunity for such solutions is around $3 billion. They aim to target job boards, ATS, and various other hiring platforms like GoHire, Greenhouse, Naukri, etc. 

100X Thesis:

An age-old problem with a cutting-edge solution: the creators created a platform that successfully tackles the pain point in hiring. The approach of integrating through ATS and hiring automation system with their cutting-edge AI for APIs sets them apart. The founders' pedigree, quickness, and candidate-centricity provide Whitetable.ai's network witha competitive advantage.

Conclusion:

Whitetable.ai is a highly promising HRtech startup in India, distinguished by a scalable operational framework, strong execution capabilities, and significant market potential. Their innovative AI-powered APIs, combined with a scalable business model and a leadership team with a proven track record, make them a promising investment opportunity. We at 100X.VC are confident that Whitetable.ai has the potential to disrupt the hiring industry and create significant value.