- Country: India
- Industry: Business services, Consulting
- Stage: Start-up
- Investment size: $15,000 / min. $12,000
- Type of investment: Debt
We provide a bridge between IT industry and campuses in their fresher recruitment needs.Financing will be used to enhance our website, branding and promotion activities.
We work to bring down the cost per hire of companies in recruiting from campuses by streamlining and automating the entire process. Our ultimate aim is to bring down the effort, money, and time spent by the companies in going to campuses. For students, we want to bring maximum opportunities, not only to premium colleges but also to all the campuses.
Our motto is to provide students with the opportunity and the platform to prove their qualities.
We take care of end-to-end event management in campus recruitment. Applications are invited online and sorted according to the criteria. Multiple colleges are brought together under pooled campus concept. Admission to the venue is controlled using a barcode based hall ticket system. Tests are conducted to screen the candidates. Evaluation mechanism is based on OMR based answer sheet. This reduces the time consumed in paper evaluation.
Our competitors don't have a fully automated system in place for the same concept. We already have a solid website and network of colleges in place. We have successfully conducted 8 events within the first 6-month of our company launch. This proves our competitiveness. Our existing clients will be able to provide their feedback.
Rationale for the deal
Opportunity is in the vast pool of fresh talent available in India. 90% of the engineering students don't get a placement opportunity in their campuses. We charge a nominal registration fee from the students. Clients will be charges on per hire basis. Hiring fees is based on the salary a company is offering to the student.
There are existing players in the industry who work on a similar model. For example Co-Cube, Purple Leaf, Careernet, etc.
Use of financing
Financing will be used to enhance our website, branding and promotion activities and for hiring resources.
Opportunity for the investor
We are looking for an investor interested in debt investment. We are expecting an investment of up to $15000 at an interest rate of 13%.
Expected pay back period is 5 Years. We are looking for a silent investor,
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