MockBank, an online job portal for public sector jobs raised $400,000 in seed funding led by Blume Ventures where Singapore based Mercatus Capital also participated in the round.
Founded in 2013, MockBank has served more than 1 lakh customers and is already one of the biggest brands for preparation for government recruitment tests.
Currently, the company’s products focus on the PSU BFSI sector and aims to serve in Civil Services, Engineering Services, Judicial Services and Teaching Services.
The company is planning to use the newly secured fund to strengthen their technology platform and content offerings.
According to MockBank, mobile is turning out to be a key customer acquisition medium while they are “aiming to disrupt the government jobs space in India” using it.
“Most of the innovations seen in the technology led platforms are around private sector jobs. There is, however, a huge parallel universe of public sector jobs, adding up to anywhere between 20-40 million unique government job applications every year. This market has not yet seen disruptions that come with technology. It is this market that MockBank is looking to shake up.” says Konark Singhal, co-founder and Managing Director of MockBank.