Early stage venture capital firm Ojas Venture Partners has invested an undisclosed amount in Delhi-based CoCubes. The firm is an online platform which aims to bring college and companies together for campus recruitment. Gautam Balijepalli, Principal at Ojas, confirmed the investment to VCCircle. He refused to comment further on the deal.
The company's business model involves signing up colleges for an annual fee. Then various companies looking to recruit pay CoCubes on a per campus basis. The company is also looking to reach out to colleges tier-2/3 cities. The company has been co-founded by Harpreet Grover, who was with management consultancy firm Inductis and Vibhor Goyal, previously with Microsoft Research Centre.
CoCubes reduces cost of companies and helps them reach out to a larger audience. Some of the companies recruiting through CoCubes are Evaluserve, SRF, Motilal Oswal, Thinklabs, etc.
Balijepalli and Raghu Batta, partner at Ojas, have joined the board of CoCubes. Other investors in the company include Amanjeet Saluja (Vice President - Ocwen Financial Solutions), Nikesh Shah (Business Manager, Europe – Infosys BPO) and Rajiv Raghunandan (Practise Lead - Infosys), as per its website.
Ojas Ventures, a $35 million fund, has till now invested mainly companies serving the mobile & telecommunications segment. It has invested in Tyfone Inc (mobile payment/banking co), Ziva Software (engaged in products and services in the mobile search domain), Telibrahma (mobile digital media company), etc.