Mumbai: TalentPad.com, a Bangalore-based online recruitment company, announced on Thursday that it has raised an undisclosed amount in its first round of funding from Helion Venture Partners. Ritesh Banglani, partner with Helion, will join the board of the company.

The company is looking to utilize the funds for developing technology solution, marketing initiatives and strengthening its management team. Co-founder Mayank Jain said in a statement that TalentPad aims to provide companies in the technology, Internet and analytics space with best talent.

The company founded in 2013 by Jain, Nikhil Vij and Raghav Jain has created a curated marketplace, where only selected companies are allowed to register. The candidates have the opportunity to apply to over 100 companies. Companies pay a percentage of the gross salary as fee for every candidate hired, but the services are free for candidates.

TalentPad is working with 150 companies spread across sectors like e-commerce, online media, mobile, enterprise SaaS and online education. The company’s clients includes InMobi.com, MakeMyTrip.com, Snapdeal.com, Myntra.com and BookMyShow.com. “There is a huge demand-supply gap in the recruitment segment, especially at the higher end of technology-driven businesses, and TalentPad is poised to meet the emerging opportunity," said Banglani in a statement.

India produces nearly 1.5 million engineers every year and only a quarter of them are employable, leading to acute shortage of skilled workers, the firm said in its statement.

Other start-ups in the space include GrownOut.com that raised funds from Matrix Partners this month, myNoticePeriod.com that has raised over 2 crore in a seed round led by IDG Ventures India. TalView.com, an online company that provides video technology in the area of recruitment, received investment from Mayfield Fund in July this year.

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