Bengaluru-based recruitment platform Jobspire exits stealth mode with a $262,000 seed funding round led by Purvi Capital, Nikunj Jain and others. Ravi Srivastava of Purvi Capital has led the round with participation from other investors including Willfly Ventures, Krishna Jha (Telnet Ventures), Sanjay Bakshi (Impulse Marketing), Kapil Nayyar (International Business Advisors) and Artieca Trust. It is looking forward to a Series A round within the next year.
The startup plans to use these funds to scale the team and focus on building an entirely new concept, the Human Metadata Index graph that they will use to standardize ratings on every applicant on Jobspire, as well as build their referral only premium recruiting tool, Premium Select, currently available in beta stage.
Founded by Varun Mayya, Kartik Luke, Sandesh Kini and Mohak Dhingra, Jobspire’s differentiating feature is its ‘manual and algorithmic curation’ which helps in matching the right candidate with the right company and ascertains that deserving candidates get offers only from premium companies instead of random ones. The startup has also introduced an audio verification system that helps candidates bypass their first round of interviews online.
The company is currently working with 91 startups, producing 18 interviews a week and has nearly 3,050 signups daily on the platform, despite being in stealth mode.
In this space, another player myNoticePeriod had secured Rs. 18 crore from IDG Ventures India in series A funding in February. Other startups which are operating in similar segment are MyRefers and Youth4Work among others.