Able Jobs, a hiring platform for entry-level talent, has raised $1.8 million in a seed funding round led by SAIF Partners.
Others like Silicon Valley-based startup incubator Y Combinator, Snapdeal founders Kunal Bahl and Rohit Bansal’s Titan Capital, former WhatsApp senior executive Neeraj Arora, and early-stage fund Firstcheque also participated in the funding round.
Started in 2019 by Ravish Agrawal, Swatantra Kumar and Siddharth Srivastav, Able Jobs helps companies hire entry-level trained professionals by providing them with end-to-end support, right from finding the relevant candidate to deploying them. It also offers skill development and online training programs, giving pre-training to candidates for job roles specific to companies. After training, companies interview candidates and hire them as per their job requirements.
Able Jobs is building the future of employability and changing how companies hire entry-level talent. The startup also helps companies acquire talent through social channels and gives them access to people beyond job portals.
Speaking about the company and on the latest development, Ravish Agrawal, said,
“Over the past decades, companies have invested a lot of capital in hiring and training of entry-level talent. We, at Able Jobs, are focused on solving this by partnering with companies and helping them hire trained professionals with a single click and no upfront investment. We are glad to have the SAIF team on our side, their deep networks in the ecosystem and years of expertise with startups will help us massively scale up our business.”
The company plans to use the fresh capital to build training products for companies and expand to adjacent sectors like fast-moving consumer goods (FMCG), and banking, financial services, and insurance (BFSI) among others. It also plans to accelerate its product growth and expansion of its team.
Commenting on the funding, Deepak Gaur, Managing Director, SAIF Partners India, said,
“We are extremely thrilled to partner with Ravish and his team who are catering to the flourishing bracket of job seekers in the country. With the rising needs of such platforms in a post-COVID job market, we are confident that Able Jobs can catalyse the growth and development of the entry-level hiring ecosystem in our country while scaling up efficiently at the same time. Looking forward to partnering with them in their next phase of growth.”
Able Jobs claims companies using its platform have seen 11X faster hiring and 4X deployable talent over the past few months. The Bengaluru-based startup counts companies like WhiteHat Jr, BigBasket, Zeta, Sharechat, Toppr, and Nobroker among its clients.