Online Recruitment Startup myNoticePeriod Raises INR 2 Cr. From IDG Ventures India

Bangalore based online recruitment startup myNoticePeriod has raised over INR 2 Cr in a seed round led by IDG Ventures India. Investors including Prashant Kirtane, CTO and co-founder of travelmob.com, Shamsunder Talreja, owner of JetSet Capital, Raghu Krishnananda, former Yahoo engineering leader, and Ravi Gururaj of Frictionless Ventures also participated in this round.

The startup plans to invest the funding raised in hiring and technology development. Further, it will also be infusing these funds in developing mobile app and enhancing user experience.

myNoticePeriod was founded by Manjunath Talwar alongwith his former Yahoo colleague Abhijit Khasnis 8 months back. It works like a marketplace connecting recruiters with the potential candidates. Usually a recruiter looking for quick hire needs people who could join his/her company on immediate basis, thus people who are already serving notice period are the ideal one, cracking this thing myNoticePeriod was launched as India’s first and only job portal for notice period candidates.

As per the company it currently has over 65 paying customers and 32,000 jobseekers in its database.

“The market opportunity is huge considering that the IT sector alone has about 3.5 lakh people changing their jobs every year,” Abhijit Khasnis said.

Going forward, myNoticePeriod is planning to set up operations in Singapore and other emerging markets in the near term.

myNoticePeriod is incubated at the Nasscom Startup Warehouse.