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Job seeking startup Round One bags $1 million from Shine.com, Arun Duggal

Tags: Round One, Job referrel, employee reference, networking, job seekers

March 20, 2015 | COMMENTS ( 0 )

Job seeking startup Round One bags $1 million from Shine.com, Arun Duggal

New Delhi-based networking platform for job seekers Round One has raised $1 million in pre Series A round led by HT Group’s Shine.com and angel investor Arun Duggal of Infoedge. The company will use raised amount in hiring, product development and marketing.

Founded in 2011, Round One has over 2 million registered job seekers and has grown over 100 per cent in last seven months. In January 2013, Round One introduced a membership model for Rs 50, which enables job seekers to speak to company insiders on the phone to earn job referral.

The startup lets job seekers buy 30 minute guaranteed phone interviews with employees in their dream company. During the interview, the employee evaluates the candidate and decides whether to refer them internally for a job, which would prioritise the application.

Currently, the company makes revenue via premium model. “At present, we are not generating revenue from B2B channel. However, we will be rolling out offerings for corporate this year,” adds Nishant Mathur, CEO, Round One.

Round One receives a large amount of its job seeker traffic from the metros and tier II cities as well. Bangalore and Delhi (NCR) rank among the highest sources of visitors and this has been a steady trend since inception. The company caters to 20-35 age group, and is popular among freshers and professionals with experience as well.

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