Referral based recruiting platform MyRefers receives pre-series a funding

MyRefers-LogoNew Delhi, India, October 22, 2014: MyRefers, an innovative recruiting platform is all set to change the hiring process. MyRefers is working towards creating a skills marketplace powered by referrals and enabled by data intelligence. The Delhi based start-up had received Pre-Series A Funding from Bedrock Ventures, a leading India based VC firm.

Delighted at the development, Lalit Bhagia, Founder and CEO of MyRefers, said, “I am excited about the leap the product is expected to make with the funding from Bedrock Ventures. We hope to bring about an inspirational shift in recruitments, after the last one brought about by Job-boards. It is an established fact that ‘Referrals’ is the best and most trusted source of hiring in organizations today. Unlike some job-boards that have recognized this and are including referrals as another option within their current offering, we have built a technology platform that is based only on the concept of referrals and enables the organization to reach out to a larger network without compromising on the parameters that makes employee referral schemes the most powerful and effective way of recruiting. ” 

Vivek Bihani, CEO of Bedrock Ventures, said “MyRefers extends the boundaries of the established concept of Employee Referral Schemes beyond the organization, and aims to address the challenges encountered in this process. The company has a strong leadership team and over the next 2-3 years, we expect MyRefers to become the platform-of-choice for recruitment across organizations.  

“The faith placed by Bedrock Ventures in MyRefers gives us immense energy and confidence to continue building and strengthening our product”, says Avnish Anand, Co-founder of MyRefers. 

Bedrock Ventures is an NCR based Venture Capital firm that invests at Start-up and Early stage in innovative, scalable businesses lead by strong entrepreneurs.

© News Service

Leave a Reply

Your email address will not be published. Required fields are marked *