Meet “Myways.ai,” India’s Cutting Edge HR Tech Startup Transforming Hiring's, Digital Future

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Story at a glance

Myways.ai Overview:
Company Name	Myways.ai
Founders	Samyak Jain and Tanvi Jain
Website Url	https://myways.ai/
Year of Establishment	2020
Industry Type	HR tech Indusrty
Funding Raised till now	$330k
Number of Candidates Network	1,10,000
Number of Colleges associated	800
Number of Companies associated	150

Table of Contents

When and how did you start?

We started MyWays.ai in 2020 with a focus on addressing the issues of job scarcity and industry readiness among tech freshers in Tier 2 and 3 colleges in India. The idea was sparked by witnessing the struggle firsthand in the case of our elder brother and other capable students. Recognizing both a social problem and a business opportunity, we initially aimed to help these tech freshers become experienced by providing specialized training.

As we delved deeper into the industry, we realized that the hiring process was often biased and opaque, so we expanded our mission to make hiring more transparent, merit-based, and data-driven. This led to the creation of our MyGurukul Program and the development of internal tools that eventually matured into a suite of products designed to streamline the hiring process. Our continued growth and evolution have been fueled by our commitment to innovation and our determination to make a meaningful difference in the tech hiring landscape.

How did you come up with the idea? Your inspirational moment

The inspirational moment for MyWays.ai came when we observed the struggles faced by our elder brother and other talented candidates from top Tier-2 and 3 colleges who were not getting placed. Despite having the skills, they faced an industry-readiness problem. This wasn’t just a personal problem; it was a widespread issue affecting many fresh graduates. The discrepancy between applicants’ abilities and what the industry was looking for, coupled with a cumbersome and often biased hiring process, struck us as both a social problem and a business opportunity.

We saw the potential to make a real difference by addressing these challenges. Our strong determination to transform tech freshers into experienced freshers and to create a more transparent, efficient, and fair hiring process led us to the founding of MyWays.ai. It was a mission-driven approach that evolved from a genuine desire to contribute positively to the tech industry and the lives of young professionals.

Brief about the organization and founding members

MyWays.ai is an AI-powered SaaS platform incubated by IIM Ahmedabad, revolutionizing hiring and training processes for fast-growing teams. We enable businesses to effortlessly Discover, Screen, Interview, and Evaluate entry-level employees while serving as a Career Growth Platform for job aspirants. Our platform leverages AI to provide “Experienced Freshers.”We offer complete hiring, training, and deployment solutions to Founders, Hiring Managers, and recruiters. With MyWays.ai, employers can streamline their HR processes, saving time and effort, while job aspirants gain access to relevant skills, industry exposure, and rewarding career opportunities.

The founding team includes Samyak Jain, Co-founder and CEO, IIT Delhi alumnus, and Tanvi Jain, Co-founder and CXO, University of Delhi alumnus. Samyak & Tanvi are young entrepreneurs driven by Innovation and tech, with a mission towards nation-building and helping youth unlock their potential.

Read More on Myways.ai about their startup journey

The detailed journey, like what all you want to share with readers

The business idea for MyWays.ai began to take shape in 2020 when we identified a significant mismatch in the tech job market. We observed that there were far too many applicants for tech positions, but paradoxically, very few of them possessed the required skills or experience to clear even the preliminary screening. This glaring issue wasn’t just a statistical observation; it was a real challenge faced by countless tech freshers struggling to find their footing in the industry. It was also a problem for companies that needed to sift through a sea of applications to find the right talent.

We envisioned a system where tech freshers could be trained and transformed into experienced freshers, ready to take on real-world problems instead of working on the same set of projects available online. But we didn’t stop there. As we delved deeper, we recognized that the traditional hiring process was opaque and often biased. This led us to launch the MyGurukul Program to train tech talent and place them in companies suited to their newly developed skills. We then broadened our scope to become tech partners and hiring enablers for these companies, leading to development of our suite of SaaS tools.

About funding, plans on growth

We plan to strengthen our sales funnel and increase the top line to engage more and more clients. We plan to grow through the launch of our SaaS tools that help automate multiple hiring stages and make recruiters more efficient.

Funding – We have raised $330k till now in the last 2 years through CIIE.CO (IIM Ahmedabad), AUM VC, Knimbus, RTAF, and multiple Angels.

Take up one idea. Make that one idea your life; dream of it; think of it; live on that idea. – Swami Vivekananda

Challenges and Opportunities/ Marketing Strategies

The challenges and opportunities for MyWays.ai lie in navigating a competitive hiring and training landscape. There is the challenge of differentiating products and services in a crowded space, keeping up with ever-changing technology, and convincing potential clients to adopt new hiring methods. However, opportunities exist in untapped markets, especially Tier 2 and 3 locations, and in offering integrations with existing HR systems.

Continuous learning and development can also foster long-term relationships. Marketing strategies are geared toward leveraging these opportunities and overcoming challenges. Strategies such as content marketing, partnerships with educational institutions, social media engagement, sharing customer testimonials, tailored marketing campaigns, and attending industry events will all play a vital role. Through thoughtful navigation of these complexities, MyWays.ai can grow as a leader in the hiring and training sector, making the hiring process more transparent and data-efficient.

Future plans

We at MyWays.ai aim to be a global leader in tech hiring and training. Aiming to become India’s largest Tech Plug and Play HR Tool enabling Data backed Hiring and Training in White Collar Jobs. Our focus will be on innovation, expansion, customizations, and efficient solutions.