One year old HR tech startup Shortlist has raised a seed investment of $1 million (around Rs 6.4 crore), according to a report from VCC Circle. The round saw the participation of US-based venture capital firm University Ventures, Impact investment firm ImpactAssets, US-based Bodley Group, Kenya-based seed fund Zephyr Acorn, Samir Shah of Sattva Capital and several other investors from both, India and the US.
Having its offices in Mumbai, Hyderabad and Nairobi, Shortlist lends a helping hand to companies in India and East Africa hire for early and mid-career roles based on skills and potential. The firm has over 80 high profile clients. Some popular ones includes Xynteo, Ather Energy, M-KOPA and MicroEnsure.
What makes Shortlist stand out from the rest, is its state-of-the art technology, which helps in creating a single application flow to engage candidates across a firm’s sourcing channels, including third-party recruiters, job boards and referral programmes.
According to the statement released by the firm, it will utilise the fresh funds for further enhancing its data-driven talent screening product which automates the process of vetting applicants’ profiles using online competency-based assessments. Done manually, vetting profiles can become an extremely time consuming process, but Shortlist’s new product makes the process as efficient as it has ever been.
Commenting on the investment raised, Paul Breloff, co-founder and CEO of Shortlist said, “Both job seekers and employers deserve a better way to find each other and gauge fit. We are thrilled to have a group of investors who share our desire to fix the broken talent marketplace, and believe the mix of expertise across India, East Africa and the US will add strategic value as we build on our early traction.”