Online recruitment marketplace Aasaanjobs Monday said it has raised $5
million (roughly Rs. 34 crores) in series A round of funding led by Aspada Advisors with
participation from existing investors.
The fresh inflow of capital
will help the company realise its mission of taking its HR services on
the cloud, a company release said adding this technological edge will
pave way for Aasaanjobs' expansion into newer geographies.
Founded
in November 2014, Aasaanjobs is based out of Mumbai. Aasaanjobs' tech
solutions speed up the process of recruitment by connecting
perfectly-matched candidates to recruiters. This makes the entire
process quick, effective and convenient for both job seekers and
recruiters.
This was a follow-up from the seed round where the
platform raised a funding of $1.5 million (roughly Rs. 10.2 crores) led by IDG Ventures and
Inventus Capital in January last year.
"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," Aasaanjobs
CEO Dinesh Goel said.
"It will be exciting to see how the team
manages to mould a 'workplace of the future' by leveraging technology.
The unstructured nature of recruitment as a space means there is an
opportunity for disruption," Aspada Advisors co-founder and Managing
Partner Kartik Srivatsa said.