The investment arm of The Times Group, India-based media firm, has announced intentions to invest upwards of US$6.5 million into Singapore's skill verification platform Indorse.
The initial investment is a convertible note at US$2 million, with a valuation of US$15 million, with the option of a further tranche of US$4.5 million.
Indorse said that the investment will be used for its expansion plan into India and to build the demand for its services through The Times Group’s media assets in India.
Indorse works by using a network of experts to assess and confirm the abilities, expertise, and achievements of candidates searching for new job roles. The initial focus was on the coding sector, allowing businesses to eliminate sorting through hundreds of applicants and immediately hire talents using a shortlist of candidates proven to have the right skills for the role within days.
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