Recruitment portal Aasaanjobs.com has raised $1.5 million in a seed round of funding from venture capital funds Inventus Capital Partners and IDG Ventures India. The portal will use the funds to hire management and tech professionals, product development and to offer new features.
Aasaanjobs is a platform for finding blue collared and entry level white collared jobs in India. The website offers two options to users on the home page – to hire people, or find jobs. On selecting either option, users are prompted to choose the specific job and the city they want to search in. Jobs listed on the platform currently include nanny, cashier, content writer, data entry operator, delivery boy, customer care executive, engineer, driver, graphic designer, financial planner, maid, nurse, office assistant and office boy among others.
As of now, the listings are quite limited. Case in point, although the website offers an option to choose a city, there is only one option, Mumbai/Thane/Navi Mumbai and some listings like those for nannys are currently empty.
While anyone can view these listings, to submit CV’s or post requirements as employers, prior registration to the website is required. The platform is free for those posting their CV’s but has a pricing tier for employers. Employers have to share 4.33% of a hired employee’s CTC for a basic membership, 8.33% for standard membership which offers 3 months guarantee on candidate replacement and 10.33% for an advanced membership which offers 6 months guarantee on candidate replacement.
Launched in August 2014, Aasaanjobs currently claims to list over 5900 verified employees, nearly 1150 job openings and to have aided 492 successful matches. The platforms focus on entry level and mid-level jobs makes it an interesting initiative, however the platform is new and as of now lacks potential employers in several of its listed categories.
Funding in recruitment portals:
– In October last year, online recruitment platform TalentPad (previously TalentAuction) had raised an undisclosed amount of investment from Helion Ventures while referral recruitment portal MyRefers.com also raised an undisclosed amount in Series A funding from Bedrock Ventures
– The same month, Gurgaon-based referral hiring portal GrownOut also raised an undisclosed amount of investment from Matrix Partners India. Prior to this, the company had secured $40,000 in seed funding as a part of Startup Chile accelerator program’s tenth batch.
– Previously, Whistle Talk, a social recruiting platform which allows users to share job opening in their team or help friends find a job and earn a referral bonus, had raised $400,000 from Hyderabad Angels in December 2012.