News: HR tech startup Hiration raises $3 Mn

Technology

HR tech startup Hiration raises $3 Mn

The company will use the fresh capital to further develop its product, scale its operations in India and the US and hire across functions, and work towards its aim o become a one stop solution for professionals to manage their job search process/careers.
HR tech startup Hiration raises $3 Mn

Founded in 2017 by Anish Raj Sikka and Aditya Sharma, the HR tech startup, Hiration has raised INR 21 crore ($3 million) from Prime Venture Partners, Venture Highway and Y Combinator.

Currently operational in India and the US, Hiration is an AI-powered career platform which helps professionals create high-impact resumes and find their dream job. Apart from directly helping professionals, the company also works with over 75 leading universities like IIT Madras, Stanford University, Indiana University–Purdue University Indianapolis (IUPUI) and edtech companies like UpGrad, Times Learning, Pearson, Edureka, and others to offer new graduates a leg up in an unpredictable post-pandemic hiring environment.

While people invest time and money learning the skills for their jobs, they aren’t taught how to excel at the hiring process. Anish Raj Sikka, CEO & Co-Founder, Hiration, looks at this as a huge opportunity to impact One billion professionals who change jobs every year.

"We want to offer the same technology to job candidates and offer tools to those who may otherwise have been overlooked because they didn’t have access to the same resources or training,” he shared. 

Hiration's technology flips the script on today’s applicant tracking systems, leveraging AI and machine learning to help job seekers build and optimize their resumes. Aditya Sharma, CTO & cofounder, Hiration shared, “Over the past 3 years, we’ve analyzed millions of job postings and resumes to identify signals that determine whether a candidate is suitable for a job or not. Using OpenAI's GPT-3 and other in-house machine learning models, we’ve developed a career assistant that guides job seekers in real time, while they are crafting their resume or preparing for their interview. As a result, our users end up getting better jobs in less time than they otherwise would have.”

The platform helps qualified candidates write an effective resume that is customized to ensure that it passes through today’s tech-powered candidate review tools and gets in hands of those doing the hiring. While resume writing, optimization and design is the core of Hiration’s offering, the platform’s customized flow also supports job seekers throughout the different stages of finding a job, including writing cover letters, creating online portfolios, optimizing LinkedIn profiles & comprehensively preparing for interviews.

Amit Somani, Managing Partner, Prime Venture Partners, “Artificial intelligence will have as much if not more impact on our lives than even the internet. Hiration is using AI and ML to help job seekers auto-magically create resumes from scratch with little to no human intervention. Not only are these resumes much easier to create, they are in fact better than ones authored by humans since they are built for humans and software alike that are evaluating them for hiring positions. Prime Ventures is very excited about this missionary set of founders as they transform the hiring market.” 

The company plans to use the fresh capital to further develop its product, scale its operations in India and the US and hire across functions.  Samir Sood, Founder, Venture Highway believes there are strong tailwinds for this model due to the pandemic and look forward to partner with the Hiration team as they continue to disrupt the employment vertical. But Hiration operates in a highly growing yet competitive space with several other players like ResumeSpice, TopResume, Employment BOOST, Capstone Resume Services, Get Set Resumes, Resume Valley, and ZipJob, among others also competing for market share. Hence, a key focus on the founding team has to be on product innovation and customer experience to stay ahead of the curve. 

Read full story

Topics: Technology, HR Technology, #FundingAndInvestment

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

2 months free subscription
q_auto,f_auto/v1633601707/mag-october-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Interested in daily dose of short & crisp insights from the world of work?