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IDGVI News: Press Releases

Aasaanjobs raises $5 million in Series A funding from Aspada Advisors, IDG Ventures, Inventus Capital

Mumbai | 10.02.2016

Plans to utilize the funds to create “HR in cloud” and explore new markets pan-India

Mumbai, February 10th, 2016: Online marketplace for recruitment, Aasaanjobs recently raised $5 million in Series A round of funding led by Aspada Advisors with participation from existing investors. This was a follow-up from the seed round where the platform raised a funding of $1.5 million led by IDG Ventures and Inventus Capital in January 2015. The fresh inflow of capital will help the company realize its mission of taking its HR services on the cloud. This technological edge will pave the way for Aasaanjobs’ expansion into newer geographies.

Talking about the latest round of funding, Dinesh Goel, CEO, Aasaanjobs said, “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 Bengaluru in the second quarter of 2016.”

Highlighting the reasons behind choosing Aasaanjobs, Kartik Srivatsa, Co Founder & Managing Partner, Aspada Advisors said, “It will be exciting to see how the team manages to mould a “workplace of the future” by leveraging technology. The unstructured nature of recruitment as a space means there is an opportunity for disruption.”

Aasaanjobs’ unique tech-backed solutions speed up the process of recruitment by connecting perfectly-matched candidates to recruiters. The company operates a marketplace of recruiters who help in effectively addressing the client’s (employer) recruitment needs.

About Aasaanjobs:
An end-to-end recruitment service in the recruitment industry, Aasaanjobs 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. This makes the entire process quick, effective and convenient for both job seekers and recruiters. Founded in November 2014, Aasaanjobs is based out of Mumbai. For more details on the various services that Aasaanjobs provides, one can visit their website (www.aasaanjobs.com).