Bangalore based myNoticePeriod has raised INR 18 crores from IDG ventures. Earlier in September 2014, myNoticePeriod raised INR 2 crores from IDG ventures and individual investors.
Manjunath Talwar, an alumnus of Indian Institute of Management and Abhijit Khasnis, a BITS alumnus founded myNoticePerid in 2013.
myNoticePeriod.com is a recruitment platform which enables employers to hire in record time. This fits well with employers’ desire to hire fast and reduce uncertainty caused by long waiting periods of jobseekers.
As claimed by the company, INR 18 crores will be used to fuel its rapid growth further. It started with candidates on Notice Period and will now extend the concept to any candidate who is actively seeking opportunities, including the ones in Notice Period.
IDG Ventures is a venture fund which has investments in start up companies like, Flipkart, Yatra, Newgen, Lenskart.com, Vserv, Firstcry.com, Manthan Software and Zivame.com.
Manjunath Talwar CEO of myNoticePeriod said, “We are seeing rapid adoption in the industry. Six of the top 10 global I.T. companies are already customers of myNoticePeriod.com and are seeing great value. This new round of investment is further validation that we are addressing a need of companies across industry segments like Finance, Retail and Information Technology”.
Venkatesh Peddi of IDG Ventures, said “We are very convinced with the company’s vision of enabling faster hiring. Both Manjunath and Abhijit have demonstrated excellent execution focus and passion to build out a strong technology platform. Their platform is witnessing exponential growth and we are very happy to be part of the company,”