Photo - Zigtal
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Zigtal

Unlock Collective Intelligence of organization

Australia
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 27.03.2024
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Idea

Enabling Skill-Based Organizations by aligning skill strategy with business strategy. Using skills as fuel for growth—Discover, Develop, and Deploy skills effectively to meet skills supply and demand.

Current Status

Great traction as multiple live customers and global partnerships.
Customers include Reliance Retail (employees strength 450,000), H&M Group, Betterplace, and many more.
Having strong qualified sales pipeline of 2024 more than 1.25M which includes multiple global organizations.

Product is proven to run on scale as successfully delivered and used at Reliance.

Partnering with SAP SuccessFactors, AWS, SHRM, E&Y, GO1, and many other local organizations in various countries.

Market

Global market
all customers with 500+ workforce

Problem or Opportunity

Organizations have robust business strategies but do not have skill strategies, and as a result, they struggle to succeed.

Lack of skills in the organization means no GROWTH and no FUTURE.

People are learning but feel disoriented as they do not understand outcomes driven by the learning.

The nature of job profiles is changing rapidly, and people can not be driven by role-oriented career paths. Otherwise, they become liabilities.

As a result, organizations experience revenue loss, productivity loss, talent loss, efficiency loss, most importantly, growth opportunity loss.

Solution (product or service)

Skill is fuel for business growth.
Zigtal helps organizations ensure the supply of skills meeting business demand. This is achieved through our 3Ds model: Discover, Develop, and Deploy skills. Powered by a perfect blend of Artificial Intelligence and Human Intelligence.
Zigtal helps in organization skill pathing, where the skill strategy is crafted to align with the business strategy. For individuals, skill pathing enables them to develop skills in the demand and growth areas.
Our skill intelligence considers skill adjacency, transitioning skills, and skill cluster models for success.

Competitors

Competitor: Gloat
Existing alternative -
For collaboration only- MS Teams
For mentoring only - SuccessFactors, Mentorloop, Workday etc.

No competitors for - Expert on demand and Leaders Lounge

Advantages or differentiators

Engagement data - asset for organization
Robust engagement model powered by workflow
Onboard externals on Zigtal
Onboard interns
Employee build personal brand
Gamification
Rewards and recognition
Integrates with HR systems (HR master data, Performance management, learning)
Reporting and governance
Artificial intelligence

Finance

Cloud SaaS offering
Pricing - base price $60 per user per year

Business model

Cloud SaaS subscription revenue

Money will be spent on

Sales and Marketing
Product Development (new feature + mobile app)

Team or Management

Risks

In the absence of appropriate GTM strategy, customer may not realize the availability of solution even they know the problem.

Incubation/Acceleration programs accomplishment

IIT Startups - USA
Fishburners Founders Hub - Australia
Newchip Accelerator - USA

Won the competition and other awards

None

Photos

Photo 1 - Unlock Collective Intelligence of organization
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation