Business, Investments

Referral Based Recruiting Platform MyRefers Receives Pre-Series A Funding

home myrefersMyRefers, Delhi based recruiting platform has received Pre-Series A Funding from Bedrock Ventures. MyRefers is trying to work towards creating a skills marketplace powered by referrals and enabled by data intelligence.

Lalit Bhagia, Founder and CEO, MyRefers said, “I am excited about the leap the product is expected to make with the funding from Bedrock Ventures. We hope to bring about an inspirational shift in recruitments, after the last one brought about by Job-boards. It is an established fact that ‘Referrals’ is the best and most trusted source of hiring in organizations today. Unlike some job-boards that have recognized this and are including referrals as another option within their current offering, we have built a technology platform that is based only on the concept of referrals and enables the organization to reach out to a larger network without compromising on the parameters that makes employee referral schemes the most powerful and effective way of recruiting.”

Also Read: Recruitment Startup myNoticePeriod Raises Seed Funding from IDG Ventures

Mr. Vivek Bihani, CEO of Bedrock Ventures said “MyRefers extends the boundaries of the established concept of Employee Referral Schemes beyond the organization, and aims to address the challenges encountered in this process. The company has a strong leadership team and over the next 2-3 years, we expect MyRefers to become the platform-of-choice for recruitment across organizations.”

The faith placed by Bedrock Ventures in MyRefers gives us immense energy and confidence to continue building and strengthening our product”, said Avnish Anand, Co-founder of MyRefers.

Apart from this, Online recruitment platform, TalendPad had also raised an undisclosed amount in its first institutional round led by Helion Ventures to fuel its marketing initiatives and bolster its management team. It seems like new-age job portals are catching up Job classifieds like Naukri, TimesJobs etc might still be getting more numbers, however they are not innovating on both job search and recruitment sides.

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