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Job-Tech platform FastJobs.io has raised an undisclosed amount in a pre-seed round from a group of super angel investors led by Ashish Hemrajani, founder and CEO, BookMyShow, Parikshit Dar, co- Founder and Director, BookMyShow, Haresh Chawla Founding CEO, Network18 and Partner, TrueNorth as well as other angel investors.
Over 30 renowned angel investors and start-up executives including Amit Lakhotia, Founder & CEO, Park+, Yatin Shah, Founder & Co-CEO, IIFL Wealth, Karan Bhagat, Founder, MD & CEO, IIFL Wealth, Sidharth Rao, Co-Founder, Dentsu WebChutney and Co-Founder Punt Partners, Sanchit Malik, Founder and CEO, PazCare, Upneet Grover, Founder and CEO, GetMyUni, Bhargav Errangi, Former Senior Director, Flipkart, Rahul Mathur, Founder and CEO, Verak , Rahul Jain, Co-founder and COO, Drum Foods (Epigamia & Hokey Pokey), Ajeet Khurana, Founder and CEO, Reflexical among others.
Co-founded in February 2022 by Yash Dandavate, co-founder and CEO (alumnus of London Business School) with co-founder and CTO Ashish Dogra (alumnus of IIT Roorkee) and Neelu Virk, co-founder and Director of Human Resources, FastJobs .io is a global Job-Tech platform that connects the best companies and start-ups with relevant quality talent around the world in 7 days.
In less than 8 months since its creation, Fastjobs.io has placed more than 500 job seekers with more than 100 companies. After delivering jobs worth more than Rs 30 cr in this short span of time, Fastjobs.io has already managed to turn EBITDA positive. The employment technology platform currently solves the recruitment of more than 100 leading start-ups such as Khatabook, Scaler Academy, NoBroker, TrulyMadly and leading enterprise SaaS organizations.
Fastjobs.io will use the funds raised to expand internationally in the US and Sea regions, as well as create new SaaS products for smart recruiting. The company has unveiled a new AI – SaaS product named FastHQ.io – an intelligent collaborative recruitment suite set to revolutionize recruitment for start-ups across all industries. FastHQ.io provides AI/ML solutions for automated, collaborative and faster recruitment processes powered by human intervention to deliver accurate tech talent matches within 48 hours.
With features like job campaigns, a gamified pipeline management system, a collaborative recruiting workspace, candidate engagement, and pay-per-credit insights, FastHQ.io enables businesses to receive prescreened leads on 20+ metrics within 48 hours, reducing both time and regular hiring costs by approximately 80%.
Speaking about the investment, Yash Dandavate, co-founder and CEO of FastJobs.io, said, “The recruitment industry represents a $250 billion market opportunity globally, but nearly 11 Millions of jobs remain unfulfilled despite plenty of recruiting software available in the market from existing recruiting ecosystems.Stay Broken.FastJobs.io aims to transform the recruiting space by plugging in this broken system to reduce cost, time and hiring efforts, making it an efficient and transparent process for businesses.With experienced and successful entrepreneurs supporting us with their experience and funds, we aim to create AI-powered SaaS products that can revolutionize the recruiting space.We strive to make FastJobs a global market leader by solving failing recruiting ecosystems across industries.
Commenting on his investment, Ashish Hemrajani, Founder and CEO, BookMyShow, said: “FastJobs.io’s early success in using technology to discover and enable talent has been tremendous, especially in this environment. Driven by a great founding team led by Yash Dandavate, Ashish Dogra and Neelu Virk , FastJobs.io is on a very cool journey towards creating impact and I am thrilled to mentor and support them on this journey.”
Speaking about his investment in the company, Amit Lakhotia, Founder and CEO, Park+ said: “FastJobs.io not only recognized but also solved the problems created by the unprecedented change in the recruitment space and made the most of the opportunities presented in a short period of time. I am convinced that fastJobs.io. io, led by Yash Dandavate, Ashish Dogra and Neelu Virk, and their team, have enormous potential to transform recruitment ecosystems and I am happy to be part of their journey at this crucial stage.”
With a vision to eliminate major recruiting challenges such as prospecting, prospecting, faulty hiring systems for employers while bridging the gap between the high volume of white collar job seekers and non satisfied, FastJobs.io is on a mission to simplify the job search for freshmen and recent graduates and enable companies to have a seamless hiring experience with a brilliant workforce leading to their sustainable growth.
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