Mumbai-based online marketplace for recruitment, Aasaanjobs, has raised $5 Mn in Series A round of funding led by Aspada Advisors with participation from existing investors Inventus Capital Partners and IDG Ventures India. This was a follow-up from the seed round where the platform raised a funding of $1.5 Mn in January 2015.
Founded in 2013 by Dinesh Goel, Aditya Gupta, Gaurav Toshniwal, Kunal Jadhav and Siddhartha Das, Aasaanjobs, platform went live in 2014, and specialises in the entry level jobs such as data-entry operators and telemarketers.
Related Article: Mumbai-Based Aasaanjobs Acquires Recruitment Startup mHire
The startup provides end-to-end recruitment service in the recruitment industry, it bridges the gap between employers and job seekers through a two-way matchmaking system on their web portal as well as mobile app. The company’s advanced, two-way matchmaking algorithm filters through its database to only connect candidates whose profiles and job expectations meet client requirements.
The raised capital will help Aasaanjobs in its mission of taking its HR services on the cloud. This technological edge will pave the way for Aasaanjobs’ expansion into newer geographies. “The company would use the funds to automate its online recruitment marketplace and expand to new cities. The company would set up operations in Pune and Delhi in the first quarter and Bangalore in the second quarter of 2016,” said Dinesh Goel, CEO at Aasaanjobs.
Founded in 2007 by Sean Blagsvedt, Babajob, is another such player in this space. They also provide jobs for people in the informal sector and had raised a Series A from Gray Ghost Ventures and Khosla Impact Fund in 2012.
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