Hiration, an AI-powered career platform to help professionals find a new job, has raised $3 million (INR 21 Crore) funding led by Prime Venture Partners, Venture Highway, and Y combinator.
The round also saw participation from one of the co-founders of SlideShare, Amit Ranjan, and an angel investor.
The company will use the fresh capital to further develop its product, scale its operations in India and the US and hire across functions.
Hiration helps qualified candidates write an effective resume that is customized to ensure that it passes through today’s tech-powered candidate review tools and gets in hands of those doing the hiring. While resume writing, optimization, and design are the core of Hiration’s offering, the platform’s customized flow also supports job seekers throughout the different stages of finding a job, including writing cover letters, creating online portfolios, optimizing LinkedIn profiles & comprehensively preparing for interviews.
Started in 2017 by Anish Raj Sikka and Aditya Sharma, the New Delhi-based startup aims to become a one-stop solution for professionals to manage their job search process/careers as well as reduce the effort & time that goes into building a good resume.
Speaking about the company, Anish Raj Sikka, CEO & Co-Founder of Hiration, said,
"Aditya and I met in IIM Calcutta, where we were given intensive training on the art of finding a job, like networking, writing great resumes, and preparing for job interviews. But when we were hiring for roles at our last startup, we saw how today’s hiring technology is tilted in favor of the companies hiring."
Hiration uses AI to help professionals in creating resumes 4 times faster, which gets them double the shortlists. It has already served over 500,000 customers and works with over 75 leading universities like IIT Madras, Stanford University, Indiana University–Purdue University Indianapolis (IUPUI); and EdTech companies like UpGrad, Times Learning, Pearson, Edureka, and others to offer new graduates a leg up in an unpredictable post-pandemic hiring environment.
Aditya Sharma, Co-founder & CTO, Hiration has also said in a statement,
"Over the past 3 years, we’ve analyzed millions of job postings and resumes to identify signals that determine whether a candidate is suitable for a job or not. Making sense of data at this scale has only become possible with the recent advancements in natural language processing and deep learning. Using OpenAI's GPT-3 and other in-house machine learning models, we’ve developed a career assistant that guides job seekers in real-time, while they are crafting their resume or preparing for their interview. As a result, our users end up getting better jobs in less time than they otherwise would have."
Hiration's technology flips the script on today’s applicant tracking systems, leveraging AI and machine learning to help job seekers build and optimize their resumes to ensure that they rise to the top - providing a crucial differentiator to applicants vying for the most competitive companies and roles.
Samir Sood, Founder, Venture Highway, said on the funding,
"While multiple players are solving for recruiters, we have not come across platforms that are focused on candidates and meaningfully solve for the entire candidate employment journey. Hiration is building a uniquely powerful, customized career platform for job seekers, which is candidate first and tech-first, starting with an automated resume offering. There are strong tailwinds for this model due to the pandemic. We are very excited to partner with the Hiration team as they continue to disrupt the employment vertical."
Hiration is available to job seekers in nearly any industry for Rs. 399 for one month or Rs. 899 for one year. The company plans to open an office in San Francisco very soon.