Online Recruitment Startup Aasaanjobs Secures USD 1.5M in Seed Funding

Image Source: Yourstory

Image Source: Yourstory

Mumbai based startup has raised USD 1.5 million seed funding from IDG Ventures India  and Inventus Capital Partners.

The plans to use the funds for expanding its reach, hire management and tech professionals and to upgrade the technology and product development, as reported by YourStory.

The startup was founded in late 2013. It’s a regulated marketplace for entry level and mid level job seekers. Presently only functional in Mumbai, It has future plans to expand its reach across India.

Dinesh Goel, Founder and CEO of Aasaanjobs said, “We are trying to mobilize a large unorganized section of contributors to the Indian economy which is a tough operational challenge. I am happy about the timing of this funding round as we can now ramp up and mobilize even more people, not just in Mumbai,” adding further, “We want to create a consumer solution where long-term and short-term hiring should be as convenient as ordering products online and this funding is a step towards realizing that vision.”

The last couple of years have seen a rise in number of startups trying to innovate in the space of online recruitment like TalentPad, MyNoticePeriod, MyRefers, Youth4Work and more. While the field looks lucrative due to the funding being raised by startups, the competition appears to be increasing as well.