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Facebook Selects Indian Youth Startup ‘JobSenz’ With $40,000 Funding

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JobSenz, an ed-tech startup operating in India, has been selected by Facebook to fund under its startup programme known as “FbStart”.

As part of the prestigious programme, JobSenz has received about $40,000 (about Rs 27 lakh) as credits and services from Facebook and its partners, and will also receive mentoring from the Facebook’s engineering teams.

Founded last year by Monish Karam, Jobsenz isa Singapore-based startup which is essentially India centric job search engine through its mobile app. It also provides professionals and students a platform through which coaching centres and educators can directly sell their course materials to customers.

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According to Manish, jobsenz’s revenue model includes charging a percentage of all sales of premium educational content by coaching centres on its mobile platform. “Apart from advertising, we are focusing on job and resume service for additional revenue sources,” Karam said. JobSenz operates in India through its local subsidiary, Umorok Labs.

Notably, this news comes within a week after a Delhi-based Couponhaat had selected for the FbStart program.

For Facebook, India is a critical geography as a country has the largest base of developers working on Facebook platform outside the United States. The social networking giant has reportedly distributed more than $21 million worth benefits to startups in India and more than $50 million worth benefits to startups in Asia through its FbStart program.

Earlier in 2014, Facebook acquired Little Eye Labs, a little-known Indian startup specialised in making software that analyses the performance of Android apps.

[Top Image – TheNextWeb]

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Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

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