Hyderabad based 50K ventures invests in CodingLabs

It is difficult to recognise the talent of a coder in a 30 minutes interview and make a hiring decision. With CVs and resumes turning to become obsolete, organizations and employers are relying on online skill profiles and working codes of individuals. A strong portal with features like coding challenges, reviews and ratings, coding journals has become utmost crucial.

50K Ventures, on 28th January 2016, announced its investment in ‘Coding Labs’, an online portal where coders can build an online skill profile for themselves using the myriad tools on the portal while accessing coding challenges in different technologies. And the best part is that a coder can add a lot of coding challenges to the portal by becoming a major contributor to Coding Labs. CodingLabs was founded in 2015, and is majorly into providing platform to those who can code anything and everything possible. Through this startup, the coders can solve different coding challenges and create an online skill profile which helps employers and organizations to check the skills.

This funding was an angel round of investment . According to sources, this investment round had Vineel Nalla, CEO of NBOS Technologies and also the co-founder of 50K Ventures at the leading frontier.  The funding round was officially announced on 28th January 2016 and a 50K venture is all set to expand their operations through this investment. “50K Ventures is extremely excited about creating several opportunities for coders and we are hoping Coding Labs would be the path for building more skilled coders. When it comes to adding an ace portal like that to the list, 50K Ventures is not left behind.” says Sanjay from 50K ventures.

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