Hiring-focused HR tech firm Able Jobs raises $1.8 Mn in seed funding
Bangalore-based hiring platform Able Jobs has raised $1.8 Mn in the seeding round. The round was led by SAIF Partners, with participation from Y Combinator, Neeraj Arora, Titan Capital and Firstcheque, as per the ET report.
Started in 2019, Able Jobs strives to help companies hire entry level talent in the fields of sales, support and marketing, while also offering skill development and online training courses for these young job seekers. The HR Tech startup aims to utilize the funding for acceleration of its product growth and expanding its team.
Additionally, it also aims to build state-of-the-art training products for organizations to hire talent reliably, and parallelly expanding into industries like FMCG, BFSI, etc.
"The idea is to help companies hire deployable talent. In these courses, we talk about the company, their product offerings along with sales or support modules based on the function. For instance, in the sales module, we will teach candidates the basics of sales along with providing interview tips," shared Able Jobs Chief Executive Ravish Agrawal.
Able Jobs pre-trains candidates with free vocational courses customised for job roles specific to their client needs to ensure they are job-ready. After training, companies interview these candidates and hire them as per their job requirements. Able Jobs charges one month of the candidate's salary on every successful hire. Some of the companies the startup has worked with include BigBasket, Zeta, Sharechat, Nobroker, Toppr, and WhiteHat Jr.
Thrilled and optimistic about how Able Jobs will change the hiring game, Deepak Gaur, MD, SAIF Partners India said, “We are extremely thrilled to partner with Ravish and his team who are catering to the flourishing bracket of job-seekers in the country. With the rising needs of such platforms in a post-Covid job market, we are confident that Able Jobs can catalyze the growth and development of the entry-level hiring ecosystem in our country while scaling up efficiently at the same time."
As hiring numbers experience a slow rise, entry-level talent is sure to feel a sense of respite post the sudden lack of jobs in the aftermath of COVID-19. With Able Jobs focused on a concentrated yet large talent pool, the startup is likely to help bridge the gap between fresh talent and emerging job opportunities.