Zappyhire, an AI-powered recruitment platform, has raised Rs 3.71 crore. It was led by Kerala Angel Network and Alex K Babu, Founder, Hedge Equities.
Strategic investors
The seed funding round also had the participation of strategic investors such as Shihab Muhammed, Ex-Co-Founder of Freshservice (Freshdesk), Navas Meeran, Chairman, Eastern Condiments Pvt. Ltd, M. I. Sahadulla – Chairman & Managing Director, KIMS, Rajesh Nair – Associate Partner EY and K. Paul Thomas, Founder of ESAF Group of Social Enterprise. Jyothis KS and Deepu Xavier are the Co-founders of Zappyhire.
“We are super excited to close the investment round and look forward to working with marquee investors and exploring all possible synergies. This was a thrilling round that saw more than four of our customers including ESAF and Hedge Equities turn into investors. This reassures our belief in Zappyhire’s potential in the recruitment automation domain,” the company said in a statement.
Innovative technology
The Zappyhire platform auto pre-screens and ranks candidates from hundreds of applications. It uses semantic resume parser and AI-enabled video interview. The platform will help in eliminate human effort on candidate engagement processes such as scheduling/rescheduling interviews of assessment and post-offer engagement to reduce the offer-drop-out ratio using conversation AI.
According to co-founders, Zappyhire is known as a “Siri-for-recruiter” for suggesting the right recommendations for recruitment activities based on the historical data of the organization.
Zappyhire has grown exponentially in the last year and added funded startups, enterprises, SMEs to their clientele. They include, ESAF Bank, Carestack, Surveysparrow, Jiffy.ai, BukuKas among others. Zappyhire recently worked with a number of government-sponsored digital hiring initiatives which deal with multiple job families.
