Human resources solutions platform Hyperhire has raised $200,000 (Rs 1.39 crore at current exchange rates) from South Korea-based Springcamp, the company said in a statement on Thursday.
Hyperhire, operated by Idee-Numerique India Pvt. Ltd, said it will use the funding to launch its referral-based hiring service – Jobket – in India.
Jobket will allow its users to self-apply for jobs listed on its platform. It will also allow interested candidates to refer others, and will reward people if the referred person is hired for the position.
Founded by Mingi Daniel Kim, Amrita Gujral and Nakul Sethi, Hyperhire uses artificial intelligence systems along with a process-driven approach to improve the efficiency of the hiring process.
Apart from Jobket, the company says it offers services such as compiling shortlists of interested candidates, interviews and results-based data analysis.
This is the latest investment in the burgeoning job and human resource management startup space. Earlier this week, Info Edge (India) Ltd, the operator of jobs site Naukri.com and real estate portal 99acres.com, agreed to acquire the company behind jobs portal iimjobs.com for Rs 80.82 crore ($11.6 million) in cash.
Similarly, software-as-a-service-based online hiring firm Skillenza raised $1 million (Rs 6.98 crore) in a pre-Series A funding round led by CBA Capital’s Education Catalyst Fund, it said earlier this month.