Online marketplace for recruitment, Aasaanjobs has raised $5 million in Series A round of funding led by Aspada Advisors with participation from existing investors. This was a follow-up from the seed round where the platform raised a funding of $1.5 million led by IDG Ventures and Inventus Capital in January 2015.
The fresh inflow of capital will help the company realize its mission of taking its HR services on the cloud. This technological edge will pave the way for Aasaanjobs’ expansion into newer geographies.
Talking about the latest round of funding, Dinesh Goel, CEO, Aasaanjobs said, “The company would use the funds to automate its online recruitment marketplace and expand to new cities. The company would set up operations in Pune and Delhi in the first quarter and Bengaluru in the second quarter of 2016.”
The company’s tech-backed solutions speed up the process of recruitment by connecting perfectly-matched candidates to recruiters. It operates a marketplace of recruiters who help in addressing the client’s (employer) recruitment needs.
Founded in November 2014, Aasaanjobs is based out of Mumbai. It bridges the gap between employers and job seekers through a two-way matchmaking system on their web portal as well as mobile app.
Other deals in this space includes Babajobs raised $10 million in funding from Australia-based online employment marketplace SEEK Ltd in April 2015 and in March 2015, job seeker and employer match-maker app, Super had acquired CrunchCommerce to disrupt jobs on mobile.