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, according to a company press release.
Founded in November 2015, the start-up is an end-to-end recruitment service in the recruitment industry for entry-level and blue collar jobs, which aims to bridge the gap between employers and job seekers through a two-way matchmaking system on their web portal as well as mobile app.