Recruitment portal Aasaanjobs has raised $5 million in a series A round of funding led by Aspada Ventures. Existing investors Inventus Capital Partners and IDG Ventures India also participated in the round of funding. Dinesh Goel, the CEO of the company, said that they would use the funds to to automate its online recruitment marketplace and expand to new cities.
Aasaanjobs will set up operations in Pune and Delhi in the first quarter of 2016 and in Bangalore in the second quarter.
In January 2015, Aasaanjobs raised $1.5 million in a seed round of funding from venture capital funds Inventus Capital Partners and IDG Ventures India.
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 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.
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.
Other developments in the space
– In December 2015, the government launched an online portal called National Career Service to provide employment services and career counselling. The National Career Service (NCS) portal lets users look for a career center, find a career counsellor, skill providers or local help on the platform. The portal currently allows job seekers, employers, local service, household users, skill providers, counselors, placement organizations or government departments to register.
– In June 2015, the government launched a website for job seekers and employers in the micro, small and medium enterprises sector (MSMEs) to provide job listings in the manufacturing sector for both.
– In April 2015, Babajobs raised $10 million in a round of funding from Australia-based online employment marketplace SEEK Ltd.