Online recruitment platform, TalendPad has raised an undisclosed amount in its first institutional round led by Helion Ventures. The company aims to utilize the new funds to fuel its marketing initiatives and bolster its management team. Ritesh Banglani, Partner, Helion, will join the board of the company.
The company was earlier known as Talent Auction.
Speaking on the investment Ritesh Banglani of Helion said, “Consumer internet services is a priority investment sector for us and we are always on the lookout for innovative plays in large, established markets like recruitment. There is a huge demand-supply gap in the recruitment segment, especially at the higher end of technology driven businesses, and TalenPad is ideally poised to meet the emerging opportunity.”
TalentPad is currently working with 150 companies spread across sectors like e-commerce, online media, mobile, enterprise SaaS and online education. The company boasts of a client lineup that includes names like InMobi, MakeMyTrip, Snapdeal, Myntra and BookMyShow. The hiring process works through its flagship online event ‘Talent Fair’ where multiple employers get the opportunity to review and compete for 50 to 100 screened tier 1 talent.
Mayank Jain, co-founder and CEO TalentPad said, “We want to be a one-stop shop for high quality companies scouting for the best tech talent. The funding from Helion will help us strengthen our marketing to attract the best talent and the best recruiters to our platform as well as create a world-class management team at TalentPad. Helion has a track record of backing some of the best internet companies in India and we plan to leverage their significant knowhow of the consumer internet segment, for our growth”.