startup funding

IIT-Delhi Alumni Startup Acciojob Raises ₹1.25 Cr from Mehta Ventures Family Office

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IIT-Delhi Alumni Startup Acciojob Raises ₹1.25 Cr from Mehta Ventures Family Office

Gurgaon-based Acciojob, an online placement services to students, colleges, and companies, has raised ₹ 1.25 crore in a funding round led by Mehta Ventures family office, along with contribution from existing investor and Silicon Valley’s influential startup accelerator Y Combinator, which invested $150K of seed fund in AccioJobs in last month only.

“Campus hiring in India is mostly done manually until now. We aim to create a network of colleges and become the central placement platform for companies to hire from campuses, taking this process online” said Yashwardhan Burad, CEO, AccioJob.

Founded in 2018, by IIT Delhi alumni – Harsh Sharma, Priyanshu Agarwal, Vishu Bansal and Yashwardhan Burad, AccioJob is an online job board where universities sign up to expose their students to the best companies. Companies are able to hire fresh talent from universities, saving them time, money and enabling them to hire better talent from a larger set of applicants.

The startup claims the number of students hired by AccioJob’s partner companies has been growing at 100% month-on-month for the last three month. Currently, 20 colleges are on board and have successfully placed more than 100 students in the past three months. They expect to increase the placement percentages of their partner colleges by at least 3% in less than six months of their on-boarding.

“The concept of students creating robust profiles on their platform is very appealing. AccioJob can become like an Amazon marketplace for interns and first-time job seekers” said Hershel Mehta, principal of Mehta Ventures. AccioJob is solving a major pain point by creating a virtual two-way marketplace to give universities access to these companies and in turn, they get access to the best students regardless of their location.

Based out of California, US, Mehta Ventures is an independent, privately-owned boutique family office, which provides comprehensive startup, estate and crypto co-investment opportunities to trusted network of HNI families globally.

The family has a significant exposure to India investments and has invested in 100+ companies through various platforms such as Angel List, Angel Networks, Incubators or co investments with VCs. Hershel Mehta CPA, Wharton Executive Education in Venture Capital is leading the family investments in US startup deals. While, in India Sanjay Mehta leads the startup deals.

Source – Economic Times

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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