Saksham
Date of Foundation
2024

Saksham

Enhancing Student Employability

The Idea origin story

Saksham aims to improve the employability of Indian college students. We partner with colleges to implement a management app fostering academic interaction and growth. We conduct EQ and skills-based tests, offering global placement opportunities. Apart from an inventive hiring platform for HRs and companies, we empower students with negotiation skills to seize the right opportunities.

The Mission

Vision: Create a fair job market, benefiting both job-ready graduates and companies. Mission: Decrease unemployability rate in India by 20% by 2027.

Clients

Our customers are colleges, university students, HRs and companies seeking skilled candidates for global placement opportunities.

Problems we solve

Client’s problem

Confirmation of problem

Ok

Solution

Our startup is focused on boosting student employability by offering tailored skill development programs. Our primary customers include colleges, university students and employers seeking skilled candidates for global placement opportunities. The problem we are addressing is the palpable gap between academic learning and job market

Our technologies

This solution is based on technologies

At Saksham, we refine the employability of Indian university students. By harmonizing academia with advanced skills-based assessments and global placement opportunities, we bridge the gap between industry needs and student proficiency. We are building a balanced job market benefiting both ready-for-job graduates and recruiters. Our vision is to reduce unemployability by 20% in India by 2027. Our major customers include colleges, students and companies seeking expert talent for worldwide placements. Useful technologies: AI for personalised learning paths

How it works

Our platform streamlines students' academic growth and job placement. We track their learning path, skills, EQ data points in real-time and enable efficient hiring.

Value for the client

Our startup, Saksham, bolsters student employability by leveraging a comprehensive approach. We partner with colleges to deploy a strategic management application that promotes academic interaction and growth. Moreover our platform conducts EQ and skills-based tests to holistically evaluate the strengths of students. But stopping not just here, we curate opportunities for global placements for these young talents. We also serve as an innovative hiring platform assisting HR professionals and businesses in their search for competent candidates. Furthermore, our initiative extends to empower students with

Market and strategy

Market size

5000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

25

% of the market

Is our goal in the next 3 years

Team

My name’s

Shashank Shukla

My key role in the product

My key role is the Founder and CEO of Saksham, and I'm responsible for overseeing business strategies, product development, and sales operations.

Team size and key members

Our team currently consists of myself, Pratik Gade as the Co-Founder and CTO bringing over a decade's worth of edtech and skill development expertise. And we have Ashish Thawrani serving as our dedicated Management Trainee with an ardent passion for modernizing Indian education.

Competitors

Competitors

Other potential competitors could be established online education platforms like Coursera or edX, which offer professional development courses geared towards employability. Corporate training programs are another competitor as they provide in-house skills development for students entering the job market.

Our Advantages

From day one, our startup offers college students comprehensive career guidance. They can monitor their growth, build invaluable networks via inter-college communication, gain holistic personality development and a complete EQ profile. Ultimately aiming for self-awareness and job assistance.

Business model

Our revenue streams include a $500 monthly college subscription, $300 final-year student support fee, a $250 hiring platform fee, and additional fees for interview conduct and hire facilitation.

Traction

After thorough market research, we've initiated pilot programs with three Pune colleges, and have successfully onboarded 50 students who are now actively creating their profiles.

Once our funds are deployed, we plan to launch our management app, cultivate an active user community with students, colleges and employers, and stabilize a revenue stream. These advancements should ensure self-sustainment or kindle further investment.

Metrics

Our metrics monitor the completion rates of student profiles, focusing on updates and filling out necessary information. We also track available job or internship opportunities to ensure we have a broad range for our students to explore.

At present, we have yet to generate revenue as we are in our pilot phase which is entirely manual and the platform or app is not operational yet. The investment towards this pilot program amounts to approximately $5000 with plans for fundraising post successful execution.

Incorporation

Our company incorporated in

Pune, India

Key risks

Not being able to accurately find the cultural fit Students not being committed till the end Students faking peer reviews

Investments

$

5000

We raised investments

Our Investors

Both co founders have invested $2500 each. Ashish holds 2.5% and rest of the equity is equally split between Shashank and Pratik

Rising Investments

$

$150000

Currently, we are raising investments

$

5 million dollars

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

We are India’s first Employability company

Idea