Update: Do read the updated post – The FYGW Funding Prank And Some Revelations Of The Startup World
Delhi based startup, FYGW which helps startups in hiring talents, has raised $ 2 Mn in a funding round led by UK & US based consortium of investors.
Amit Pandey, founder, FYGW has confirmed the funding round but denied to comment on the names of the investors.
The new funding round will be used by the company for expansion in other cities and for team building. In conversation with Inc42 Magazine, Amit said that by the year end, FYGW will expanding its operation in 8 more cities including Bangalore and other Tier 2 and Tier 3 cities.
Startup hiring space is conservatively 100 Mn dollars market and is expected to grow up to 5 Bn dollars by 2020. FYGW connects talents i.e. people who are looking for an innovative, growth oriented earning jobs are unable to reach out to startup companies by the traditional job portals, consultants etc. with the startups via events.
“We did a thorough research, spok=e to over a 100 startups and have worked with almost every startup initiative / association, be it TIE or NEN or Nasscom and have derived (through our research) that startups are an excellent platform of growth, learning and also earning,” says Amit.