2014-10-08

Early-stage VCs eyeing specialised hiring start-ups

US-based venture fund Matrix Partners India is investing in a 10-month-old Gurgaon start-up GrownOut

Early-stage VCs eyeing specialised hiring start-ups

Early-stage venture capitalists are eyeing specialised online recruitment start-ups at a time when employers are looking to go beyond the plain-vanilla job posting portals that currently dominate the Indian hiring market, as reported by the Times of India.

 

VCs are increasingly seeding this next-generation, tech-backed start-ups that claim to have differentiated offerings compared to the existing players — most of which had sprung up in the late 1990s during the first wave of Indian internet start-ups, the report states further.

 

US-based venture fund Matrix Partners India is investing in a 10-month-old Gurgaon start-up GrownOut, which enables companies to leverage their employees' professional network and automate referral hiring.

 

Other recent early-stage deals include Helion Venture Partners' investment in Talentauction.com, an auction-based marketplace for jobs, Nexus Venture Partners' financing of ZLemma and myNoticePeriod.com, which raised its first round of funds led by IDG Ventures.

 

"We are building the next-generation referral hiring platform to make recruiting more efficient and cost-effective. Despite incredible innovations in technology in the last decade, recruiting still remains a fundamental challenge in the industry. We believe there is a disruptive market opportunity which can change old methods and make hiring a painless process," Sumit Gupta, co-founder and CEO, GrownOut told TOI.

 

Related opportunities
  • Bike Maintanance & Repair Services
    VOC is the one-stop solution for all your two-wheeler service..
    Locations looking for expansion Karnataka
    Establishment year 2019
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • WE ARE A TRAVEL COMPANY, WE PROVIDE ISLAMIC TOUR PACKAGES/..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2023
    Investment size Rs. 2lakh - 5lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Preschools
    BibiNogs is a specialist bilingual and English language Preschool. We..
    Locations looking for expansion Bihar
    Establishment year 2023
    Franchising Launch Date 2024
    Investment size Rs. 10lakh - 20lakh
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Patna sadar Bihar
  • Art, Craft, Antique & Framing
    ARTYMINDZ Franchise in India: ARTYMINDZ is a franchise based concept..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads