IDG, Inventus invest %in startup Aasaanjobs

BENGALURU: Mumbai-based recruitment startup Aasaanjobs has raised $1.5 million in seed round from IDG Ventures and Inventus Capital Partners. "We are looking at deploying the funds to expand the tech team, for product development and to ramp up our operations in Mumbai and foray into other metros," said Dinesh Goel, co-founder of Aasaanjobs. Goel worked with Deutsche Bank, Hindustan Unilever and Star Network before starting Aasaanjobs.Aasaanjobs was started by Goel, together with Gaurav Toshniwal and Kunal Jadhav, all IIT-Mumbai alumni, in 2013. But the %platform went live in August last year. "We are focused on trying to mobilize a large section of unorganized contributors to the economy, those who are largely unskilled or semi-skilled. Corporates hire annually anywhere between 500 and 1,000 employees each that we classify as `grey collar jobs' that includes data entry operators and telemarketers," said Goel. Aasaanjobs has nearly 4,000 verified candidates and 700 job openings on its portal.Unlike its peers that operate on a subscription model, Aasaanjobs has adopted a success-driven model, charging a commission for every successful placement.Rutvik Doshi, director at Inventus Capital, said the entry-level job market was fragmented and operated by a clutch of intermediaries making it an opaque business model. "Every year 1 million people enter the country's workforce and %enabling these workers find the right jobs is imperative," he said.