ETtechBengaluru: FloCareer, a business-to-business startup that is ‘Uberizing’ white and grey collar job interviews, has raised $5.7 million in a funding round led by Boston-based Data Point Capital with participation of Uncorrelated Ventures and Orios Venture Partners.
The video interviewing platform, which allows its enterprise customers to outsource technical interviews for jobs in the technology sector, said that it will utilise the capital to expand its operations globally, starting with the US market which, like India, is seeing a lot of job opportunities opening up in the tech sector.
“Companies are always limited by the people available within their hiring teams to conduct interviews,” said Mohit Jain, cofounder and chief operating officer at FloCareer. “What we’ve done is expand the reach to conduct interviews to the market, with freelancers and part-timers. All that the customers have to do is construct the expectation well and they (freelancers) will conduct the interviews as per their style or needs.”
He said the company conducted more than 150,000 interviews last month, with over 80% of its selected candidates making it through to the next round in client-side interviews.
While it is currently largely a tech jobs-focused platform, FloCareer said that it is working on bringing interviewers onto its platform with domain expertise in finance, pharmaceuticals and other such white collar jobs industries. It said greater acceptance for virtual engagement after the coronavirus outbreak along with a rebound in the jobs market is driving growth.
The company doesn’t yet have a platform for job seekers to discover jobs but relies on clients to forward profiles of candidates they receive.
“What kind of an interviewer is best suited for a certain kind of job is based on skill, domain, type and size of the company, (and) geographical locations,” said Mehul Bhatt, cofounder and chief executive of FloCareer. “Assigning interviewers to the candidate based on the job description is a three-way match, and that’s where the ‘Uberisation’ kicks in,” he said.
FloCareer is targeting all English-speaking markets to roll out its services. While it envisions revenues from the US to outgrow India, it said the volume of jobs it will service in India will continue to remain the biggest in the foreseeable future.
The most in-demand jobs for which it conducts interviews is in Java engineering, with demand for cloud technologies and data analytics jobs also ramping up, the company said.
“FloCareer’s AI-led innovative breakthrough is creating radically better hiring outcomes across the board, resulting in their hyper growth and a market dominating position,” said Rajeev Suri, managing partner at Orios Venture Partners.
The video interviewing platform, which allows its enterprise customers to outsource technical interviews for jobs in the technology sector, said that it will utilise the capital to expand its operations globally, starting with the US market which, like India, is seeing a lot of job opportunities opening up in the tech sector.
The three year-old startup already services customers such as Byju’s, Wipro, Happiest Minds, BigBasket, ANSR, Rapido, Citius Tech and Tencent, and has a base of more than 3,000 freelancers and over 100 experts to conduct video and telephonic interviews.
“Companies are always limited by the people available within their hiring teams to conduct interviews,” said Mohit Jain, cofounder and chief operating officer at FloCareer. “What we’ve done is expand the reach to conduct interviews to the market, with freelancers and part-timers. All that the customers have to do is construct the expectation well and they (freelancers) will conduct the interviews as per their style or needs.”
He said the company conducted more than 150,000 interviews last month, with over 80% of its selected candidates making it through to the next round in client-side interviews.
While it is currently largely a tech jobs-focused platform, FloCareer said that it is working on bringing interviewers onto its platform with domain expertise in finance, pharmaceuticals and other such white collar jobs industries. It said greater acceptance for virtual engagement after the coronavirus outbreak along with a rebound in the jobs market is driving growth.
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The company doesn’t yet have a platform for job seekers to discover jobs but relies on clients to forward profiles of candidates they receive.
“What kind of an interviewer is best suited for a certain kind of job is based on skill, domain, type and size of the company, (and) geographical locations,” said Mehul Bhatt, cofounder and chief executive of FloCareer. “Assigning interviewers to the candidate based on the job description is a three-way match, and that’s where the ‘Uberisation’ kicks in,” he said.
FloCareer is targeting all English-speaking markets to roll out its services. While it envisions revenues from the US to outgrow India, it said the volume of jobs it will service in India will continue to remain the biggest in the foreseeable future.
The most in-demand jobs for which it conducts interviews is in Java engineering, with demand for cloud technologies and data analytics jobs also ramping up, the company said.
“FloCareer’s AI-led innovative breakthrough is creating radically better hiring outcomes across the board, resulting in their hyper growth and a market dominating position,” said Rajeev Suri, managing partner at Orios Venture Partners.
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