Job-Tech Platform FastJobs.io Raises Undisclosed Amount In Pre-Seed Round From Super Angel Investor

Opinion expressed by businessman The contributor is himself.

You are reading Entrepreneur India, the international franchise of Entrepreneur Media.

Job-Tech platform FastJobs.io has raised an undisclosed amount in a pre-seed round from a clutch of super angel investors led by Ashish Hemrajani, Founder & CEO, BookMyShow, Parikshit Dar, Co-founder & Director, BookMyShow, Haresh Chawla Founding CEO , Network18 and Partners, TrueNorth and other angel investors.


Yash Dandavate and Ashish Dogra.

Over 30 marquee angel investors and startup executives including Amit Lakhotia, Founder & CEO, Park+, Yatin Shah, Joint Founder & CEO, IIFL Wealth, Karan Bhagat, Founder, MD & CEO, IIFL Wealth, Sidharth Rao, Co-Founder, Dentsu WebChutney and Co-founder Punt Partners, Sanchit Malik, Founder & CEO, PazCare, Upneet Grover, Founder & CEO, GetMyUni, Bhargav Errangi, Former Senior Director, Flipkart, Rahul Mathur, Founder & CEO, Verak, Rahul Jain, Co- founder and COO, Drum Foods (Epigamia & Hokey Pokey), Ajeet Khurana, Founder & CEO, Reflexical among others.

Co-founded in February 2022 by Yash Dandavate, Co-founder & CEO (London Business School alumnus) and Co-founder and CTO Ashish Dogra (IIT Roorkee alumnus) and Neelu Virk, Co-founder and Chief People Officer, FastJobs .io is a global Job-Tech platform that connects top companies and start-ups with relevant quality talent around the world within 7 days.

In less than 8 months since its inception, Fastjobs.io has placed more than 500 job seekers with 100+ companies. After delivering jobs worth more than Rs 30 cr in this short span, Fastjobs.io has successfully achieved positive EBITDA. The employment technology platform currently completes hiring for 100+ startup companies such as Khatabook, Scaler Academy, NoBroker, TrulyMadly and leading SaaS enterprise organizations.

Fastjobs.io will use the raised funds to expand internationally across the United States and the SEA region as well as build a new SaaS product for Smart Recruiting. The company has launched a new AI – SaaS product called FastHQ.io – an intelligent collaborative hiring suite to revolutionize startups in the industry. FastHQ.io provides an AI/ML solution for a faster, collaborative, automated hiring process that is powered by human intervention to provide accurate technology talent matches within 48 hours.

With features like job campaigns, gamified pipeline management systems, collaborative hiring workspaces, candidate engagement and pay-per-credit prospects, FastHQ.io enables companies to receive pre-screened prospects filtered on more than 20 parameters within 48 hours, reducing the usual hiring time and costs by around 80%.

Speaking about the investment, Yash Dandavate, Co-founder & CEO, FastJobs.io said, “Recruiting industry is a $250 billion market opportunity globally, but nearly 11 million jobs remain unfulfilled despite the many software available in the market since the hiring ecosystem exists . remains broken. FastJobs.io aims to change the recruiting space by plugging this broken system to reduce hiring costs, time and effort, making it an efficient and seamless process for businesses. The goal is to build a SaaS product powered by AI that can change the recruitment space . We strive to make FastJobs a global market leader in solving the broken recruitment ecosystem in the industry.”

Commenting on the investment, Ashish Hemrajani, Founder & CEO, BookMyShow, said, “FastJobs.io’s early success in using tech to find and activate talent has been terrific, especially in this environment. Driven by a great founding team led by Yash Dandavate, Ashish Dogra and Neelu Virk, FastJobs.io is on a really cool way. to create an impact and I am excited to mentor and support them on this journey.

Speaking about his investment in the firm, Amit Lakhotia, Founder & CEO, Park + said, “FastJobs.io has not only recognized but also solved the problems created by the unprecedented shift in the recruitment space and making the best of the opportunities presented in a short span of time. I believe that fastJobs.io, led by Yash Dandavate, Ashish Dogra and Neelu Virk and his team, have tremendous potential to transform the recruitment ecosystem and I am excited to be a part of the journey at this important stage.

With a vision to eliminate core recruitment challenges such as lead sourcing, prospecting, broken hiring systems for employers while bridging the gap between the large volume of white collar job seekers and unfilled jobs, FastJobs.io is on a mission to simplify job search for freshers and young graduates and enabling businesses to have a seamless hiring experience and a brilliant workforce leading to sustainable growth.

Leave a Reply

Your email address will not be published. Required fields are marked *