 "Aasaanjobs raises Rs 34 cr in Series-A round")
Aasaanjobs.com, Mumbai-based online marketplace for recruitment, has raised $5 million (around Rs 34 crore) in a Series-A round of funding led by Aspada Advisors, with participation from existing investors IDG Ventures and Inventus Capital.
The fresh funding round, which the company plans to utilise to create HR (human resources) on the cloud and explore new markets pan-India, was a follow-up of the seed round where Aasaanjobs had raised a funding of $1.5-million led by IDG Ventures and Inventus Capital early 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," Dinesh Goel,chief executive officer of Aasaanjobs, said in a release on Monday.
Aasaanjobs, which operates a marketplace of recruiters who help in effectively addressing the client's (employer) recruitment needs, offers tech-backed solutions, also via a mobile app, to speed up the process of recruitment by connecting perfectly-matched candidates to recruiters.