AI-based hiring platform Zappyhire raises INR 3.71 crore in seed funding
Zappyhire, an artificial intelligence-based recruitment platform has raised INR 3.71 crore from the Kerala Angel Network and from Alex K. Babu, Founder, and CMD, Hedge Finance Limited.
The round also witnessed the participation of strategic investors such as Shihab Muhammed, Ex-Co-Founder of Freshservice (Freshdesk), Navas Meeran, Chairman, Eastern Condiments Pvt. Ltd., Dr. M. I. Sahadulla, Rajesh Nair - Associate Partner EY, Chairman & Managing Director, KIMS, and K. Paul Thomas, Founder of ESAF Group of Social Enterprises.
“Technology-based recruiting solutions which have the technical heft to scale and provide customized solutions is the need of the hour. Zappyhire has a great product requirement - market offering fit and we are confident that they will produce a valuable service to the talent landscape,“ said the lead investor Rajesh Nair, Associate Partner, EY.
In a statement, the company expressed that it is looking forward to working with marquee investors and exploring all possible synergies. The round saw more than four of Zappyhire’s customers including ESAF and Hedge Securities turn into investors.
Zappyhire looks forward to hiring for multiple positions and accelerating their growth across Asia and North America. “We are on a mission to revolutionize talent acquisition for business through our SaaS platform. This funding will be utilized to catapult our plan to grow as a global leader in recruitment automation providers. As founders, we invite smart minds to join our incredible team to fuel our next phase of growth” Jyothis KS & Deepu Xavier, Co-founders of Zappyhire
Zappyhire helps eliminate human effort on candidate engagement processes such as scheduling/rescheduling interviews of assessment, as well as post-offer engagement to reduce the offer-drop-out ratio using conversation AI.