Zappyhire, a Cochin, Kerala-based Artificial intelligence (AI)-powered recruitment startup has raised Rs 3.7 crore in a Seed funding round co-led by Kerala Angel Network and Alex K Babu, Founder, Chairman, and Managing Director, Hedge Finance Ltd.
Strategic investors included Shihab Muhammed, former Co-founder, Freshservice, a cloud-based information technology service management company, Navas Meeran, Chairman, Eastern Condiments Pvt Ltd, Dr. M. I. Sahadulla, Rajesh Nair, Associate Partner at EY, and K Paul Thomas, Founder, ESAF Group of Social Enterprises.
The Software-as-a-service (SaaS) company will be using the funds to hire more employees and expand its footprint in Asia and North America.
Company: Zappyhire
Raised: Rs 3.7 crore
Round: Seed Round
Funding Month: November 2021
Lead Investors: Kerala Angel Network and Alex K Babu
Additional Investors: Shihab Muhammed, Navas Meeran, Sahadulla, Rajesh Nair, and K Paul Thomas
Company Website: https://zappyhire.com/
Software Category: AI-Powered Recruitment Platform
About the Company: Founded by Deepu Xavier and Jyothis KS, ZappyHire is an intelligent recruitment platform helping enterprises screen, engage and hire the best talent faster, using AI. Zappyhire enables digital hiring for enterprises to spot and onboard the best talent fast, using AI technology. The platform eliminates human effort in candidate engagement processes such as scheduling or rescheduling interviews for assessment, and post-offer engagement to reduce the offer-drop-out ratio using conversation Artificial Intelligence (AI). Zappyhire takes your recruitment game to the next level with digital assessments, AI-enabled video interviews, and gamification. From job posting to onboarding, Zappyhire's AI optimizes every step of the recruitment journey and creates an enriched candidate profile, so you can hire faster while ensuring every candidate gets the best recruitment experience.
Source: https://www.vccircle.com/blackstone-backed-simplilearn-completes-first-ever-esop-buyback