News: Weekday secures $2.2m seed funding

Funding & Investment

Weekday secures $2.2m seed funding

Weekday is a Y Combinator-backed startup solving for recruitment via its crowdsourced reference network.
Weekday secures $2.2m seed funding

Weekday has secured a $2.2m seed funding round led by Venture Highway with participation from several influential angel investors. Weekday is a Y-Combinator-backed business. 

Founded in 2021 by Amit Singh, Anubav Malik and Chetan Dalal, Weekday has been operational in beta mode until today. 

Weekday is currently focused on companies hiring remote software engineers. The majority of these companies are headquartered in the US while the majority of the candidates are based in India and Southeast Asia.

Amit Singh, CEO and Co-founder of Weekday commented: “We tend to check reviews nowadays for everything, be that going to a restaurant or buying anything on Amazon. But, when it comes to hiring someone, recruiters are happy to rely on a self-reported resume.”

In a survey of more than 200 companies’ hiring process and while a majority did a basic background check on candidates (ie criminal record or whether they actually worked in their previous organisation), less than 5% of companies use reference checks from previous colleagues to make their hiring decisions. This often leads to wrong hires.

“Eventually this leads to firing; which ends up being detrimental to both employer as well as the employee. We want to change that. We want to solve the problem of lack of trust in the hiring process. We believe that a recruiting platform with “references” as the cornerstone is the solution that solves all these problems,” Amit added.

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Topics: Funding & Investment

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