Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-10-16

MyRefers.com raises funding from Bedrock Ventures

MyRefers works on a subscription model, wherein it gets paid by the companies it has on board.

Delhi-based referral recruitment portal MyRefers.com has raised an undisclosed amount in its Series A round of funding from Noida-based Bedrock Venture Management Private Ltd, as first reported by Techcircle.in.

 

MyRefers’ founder and CEO Lalit Bhagia confirmed the fundraising, but he declined to comment on the investor or the amount raised. The funds will be used in building the product. "We plan to build a Big Data intelligence engine to power referrals," he told to Techcircle.in.

 

Founded in April 2013, while the portal is currently doing about 1,200 referrals on a monthly basis, information on how many people actually end up getting a job is not available. It has done referrals in multiple cities including Mumbai, Delhi, Bangalore, Chennai, Pune and Indore.

 

MyRefers works on a subscription model, wherein it gets paid by the companies it has on board. Currently, the portal claims to have 35 firms that include HCL, Mahindra & Mahindra, Yepme, Makemytrip, Dentsu, Iprospect c2, Reliance Digital and STAR TV. It is offering 667 vacancies from these firms as of now. The startup’s core consumer product and its extended SaaS-based offerings are currently in beta.

 

Once a job is converted, the startup offers money ranging from Rs 1,500 to Rs 5,000 to members who refer people. MyRefers also earns 25 per cent as a mark up on the referral money.

Related opportunities
  • About Vedic:-Vedic is an established Indo-western casual wear brand that..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Others Vocational Training
    About:Hobby Workspace has a reputation for being the most renowned..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Competitive Exam Coaching Institute
    About:Unique Shiksha is an initiative of unique Publishers, the oldest..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 150 - 2400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Sports & Gaming
    About UsThe Amazing Escapes is an exciting and unique escape..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities