Hyderabad-based SucSEED Indovation invests in Jobsgaar Technologies
The seed round will help Jobsgaar establish the proof of its concept, fund its product development and growth plan
Hyderabad: Jobsgaar Technologies, a hyperlocal job finding platform has secured an undisclosed amount in fund raise from Hyderabad-headquartered SucSEED Indovation Fund and other angels as part of its seed round.
Jobsgaar started in May 2020 by Atul Pratap Singh, addresses job loss impact due to rising migration trends within the country and helps employers seamlessly connect with the workforce at their native place.
This seed round will help Jobsgaar establish the proof of its concept, fund its product development and growth plan. The group of angel investors includes names such as Rohit Chanana, Jasminder Singh Gulati, Poonam Kaul, Sunil Kamath, Mandeep Singh and Gunjan Paharia.
Atul Pratap Singh, founder, Jobsgaar, said, “We either see masses trooping in large cities in search of work opportunities or likely staying back at their place of origin doing odd jobs forever, driven by necessities. On the other hand, there is a section of employers, small scale businesses, enterprises, MSMEs & millions of other unorganised pursuits who are struggling every day to find a local workforce for their job responsibilities.”
“All of these people rely either upon word of mouth, referrals or verbal commitment or classified ads. Jobsgaar is an endeavour to digitally enable this community of people to connect and minimise the void between a local employer & a primary job hunter,” he added.
Speaking on why they have invested in Jobsgaar, Dhiraj Kumar Sinha, co-founder, SucSEED Indovation Fund, said, “Talent recruitment is a big challenge in Tier 2-4 cities and towns. We believe easy to adopt Jobsgaar’s technology, can lead to re-kindling of localised economies and increase employment by enabling micro entrepreneurs to scout talent effortlessly. This would further ensure that Tier-1 cities are not overcrowded, and job opportunities are made available closer to home”.
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