wordpress blog stats
Connect with us

Hi, what are you looking for?

MyNoticePeriod raises Rs 18 crore from IDG Ventures

mynoticeperiod

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 old profiles are automatically removed. Additionally, as it makes mentioning salary expectations, title expected etc., known upfront, recruiters have an easier time sorting through potential candidates.

Advertisement. Scroll to continue reading.

Founded by Manjunath Talwar and Abhijit Khasnis, myNoticePeriod currently claims to have seen over 75,000 job seekers and over 5000 signed up recruiters, including Sony, TaxiForSure, Persistent, Walmart, Wipro, Calsoft Labs and Hitachi among others.

Competition:

– Online recruitment platform TalentPad (previously TalentAuction) has raised an undisclosed amount of investment from Helion Ventures in October last year, while Gurgaon-based referral hiring portal GrownOut had raised an undisclosed amount of investment from Matrix Partners India the same month.

– Shine had also added Facebook integration in June 2013, allowing users to leverage their network on Facebook for either applying for a job, being referred to a job, referring a friend for a job and powering recruitment pages for companies on Facebook.

– Market leader Naukri had introduced semantic search and career site manager in January 2014, by using technologies from its two acquisitions – MakeSense Technologies and TooStep whereas Times Jobs had rolled out services like Career Play, that allows professionals to create live resumes or convert their existing resumes to live resumes in timeline format directly from their mobile phones and introduced new social features like profile endorsements, allowing candidates to seek endorsements from their Facebook contacts for any specific education, work related and skill detail in their resume.

– There is also LinkedIn which claims to have 24 million registered users in the country as of February this year. 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 also raised $400,000 from Hyderabad Angels in December 2012.

Advertisement. Scroll to continue reading.

Image source: myNoticePeriod

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ