Online recruitment portal, Aasaanjobs has raised $5 million in Series-A round of funding led by Aspada Advisors and with participation from existing investors.
Last January 2015 the platform had raised seed funding of $1.5 million led by IDG Ventures and Inventus Capital.
With this fresh inflow of capital the company hopes to realise its mission of taking its HR services on the cloud which will further expand Aasaanjobs’ footprint 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.”
Kartik Srivatsa, co- founder and managing partner, Aspada Advisors 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.”
Aasaanjobs’ tech-backed solutions speed up the process of recruitment by connecting perfectly-matched candidates to recruiters, said the company in a release. The company operates a marketplace of recruiters who help in effectively addressing the client’s (employer) recruitment needs.