We are pleased to share that Mettl, a Blume Fund I portfolio company, has entered into an agreement to be acquired by global consulting firm Mercer. Mettl was founded in 2010 by Ketan Kapoor and Tonmoy Shingal and is based out of Gurgaon, India (Delhi NCR).
It will be Mercer’s first acquisition in the talent assessment space. Mettl had built a world-class talent assessment platform, with multilingual capabilities and support and customers across 80 countries. Mercer is fully owned by Marsh and McLennan (NYSE: MMC)
The acquisition marks an important milestone in Blume’s journey as a growing fund house.
Blume is incredibly proud of the founders and the team. Blume has always believed in India’s ability to build great product companies that cater to B2B needs and in backing founders and companies who can build for global markets. Mettl is a validation of this belief.
Mettl currently caters to around 2,000 businesses including SAP, Amazon, EY, Accenture and others. In the last two years, Mettl has seen rapid expansion and adoption in international markets such as the US, China, Mexico, Germany, Philippines, Nigeria, South Africa, Indonesia, Japan, and UAE.
This acquisition will help Mettl become a world-leader in talent assessments by leveraging Mercer’s global footprint and leadership position. “We can sustainably scale our presence and reach, helping companies avoid the cost of suboptimal hiring decisions amidst ongoing digital disruption,” said Ketan Kapoor, CEO, Mettl in a press release.
We wish Mettl and Mercer continued success and in building the world’s best platform in the assessments space.