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MyNoticePeriod raises Rs 18 crore from IDG Ventures

Online recruitment portal myNoticePeriod.com has secured Rs 18 crore from IDG Ventures, reports NextBigWhat. The startup had previously raised over Rs 2 crore in seed funding from the same investor and other individual investors in September last year. Note that IDG Ventures also co-invested $1.5 million in the recruitment portal Aasaanjobs.com along with Invesntus Capital Partners, just last month. How it works myNoticePeriod works by hosting potential candidates serving their notice period, along with recruiters looking to make a quick hire, on its platform. To post a resume, users have to sign up on the platform with a verified email id, post which the website asks for details like the last working day, best offer salary, current job title, location, company, experience, skills, contact, resume etc. The platform is currently free for all job seekers, however profiles expire at the end of their notice period. To view these posted jobs however, a user needs to be a registered recruiter, which is done through a business email id. Once registered, the platform offers a 7 day trial package although this does not allow recruiters to view candidate names, contact details and detailed profile. For full access recruiters have to pay Rs 18,000 for a 90 day subscription or Rs 65,000 for a one year subscription package. myNoticePeriod also offers an Android app for recruiters that have already registered. According to the company job seekers are verified by its call centre and only active job seekers are displayed on its platform as…

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