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Home / Companies / Recruitment start-up myNoticePeriod.com raises Rs2 crore

Bangalore: Recruitment start-up myNoticePeriod.com on Thursday said that it has raised around 2 crore.

The funding was led by IDG Ventures India. Other investors include Prashant Kirtane, chief technology officer and co-founder of travelmob.com; Shamsunder Talreja, owner of JetSet Capital; Raghu Krishnananda, former Yahoo engineering leader; and Ravi Gururaj of Frictionless Ventures.

The company said it will use the funds to strengthen the team, scale up revenues and invest in deepening technology that will deliver higher level of hiring efficiencies to customers.

As part of the transaction, Venkatesh Peddi, vice-president, IDG Ventures India, will join the company’s board of directors.

Mynoticeperiod.com serves employers and HR recruiting firms and has a database of candidates across IT, sales, marketing, finance and business process outsourcing (BPO) domains.

The start-up helps recruiters find candidates that are on a notice period and are looking for better job offers. The profiles of the candidates are deactivated after their notice period ends so that the recruiters can’t see them. The eight-month-old start-up has around 32,000 jobseekers in its database.

“Our product allows a lean hiring team to pick ready-to-join candidates quickly," said Abhijit Khasnis, chief operating officer and co-founder of Mynoticeperiod.com.

IDG Ventures India’s Venkatesh Peddi said: “We have recently started seed investment programme at IDG Ventures and Mynoticeperiod.com is one of the early investments from this programme. For seed investments, we essentially look at strong teams, large market and disruptive ideas, and Mynoticeperiod.com met all the requirements."

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