Mumbai: Mumbai-based Aasaanjobs Pvt. Ltd that owns and operates the online recruitment portal said on Wednesday that it has raised $1.5 million in funding from Inventus Capital Partners and IDG Ventures.

The company is looking to use the funds to expand existing offerings, improve technology, product development and hiring people.

“Job creation and enhancing employability is what the country really needs right now and this team aspires to help solve this problem. They are bringing technology into an extremely underpenetrated supply side of the workforce which brings to the table very exciting possibilities," said Ranjith Menon, senior vice president, IDG Ventures India in a statement.

The start-up was founded in 2013 by Dinesh Goel, Ishank Gupta, Gaurav Toshniwal, Aditya Gupta and Kunal Jadhav. The company helps in aggregating candidates who are looking for work and employers who are looking to hire.