Hyperhire, a B2B HR Solutions Platform, has raised ₹1.40 Crore ($200,000) from SpringCamp. Hyperhire, operated by Idlee-Numerique India Pvt. Ltd said it will use the funding to launch its referral-based hiring service ‘Jobket’ in India. The development was first reported by PTI.
Jobket will allow its users to self-apply for jobs listed on its platform. It will also allow interested candidates to refer others, and will reward people if the referred person is hired for the position.
Hyperhire is a Britain based HR Solutions platform, founded by Mingi Daniel Kim, Amrita Gujral and Nakul Sethi. It uses artificial intelligence systems along with a process-driven approach to improve the efficiency of the hiring process.
“There are new roles, new skill sets – some enhanced, some newly acquired. The variety is interesting enough for HR managers across companies to step on new understanding of these profiles to ensure the best sifted candidates are hired,” Daniel Mingi Kim, CEO of Hyperhire said.
Seoul-based early-stage venture capital firm SpringCamp is supported by the government of South Korea.
Amrita Gujral, co-founder of Hyperhire said, “JOBKET is a well thought through product with the excellence of tech from Korea and Indian HR insights ensuring it puts itself to best use, guaranteeing efficiency.”
Initially, JOBKET will reach out to potential candidates in Delhi, Mumbai and Bengaluru, and gradually expand across the country by the end of this year, said Gujral.
Earlier this week, Info Edge (India) Ltd, the operator of jobs site Naukri.com and real estate portal 99acres.com, agreed to acquire the company behind jobs portal iimjobs.com for Rs 80.82 crore ($11.6 million) in cash.
Similarly, software-as-a-service-based online hiring firm Skillenza raised $1 million (Rs 6.98 crore) in a pre-Series A funding round led by CBA Capital’s Education Catalyst Fund, it said earlier this month.