Zappyhire raises Rs 3.71 Cr. in seed funding

The Kochi-based recruitment automation startup saw four of its clients turning investors in this funding round

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Zappyhire, the intelligent recruitment platform that helps organisations screen, engage, and hire q beuality talent faster using artificial intelligence (AI), has managed to raise Rs 3.71 crore from the Kerala Angel Network and from Alex K. Babu, founder, and CMD, Hedge Equities.

Other investors who participated in this round included Shihab Muhammed, ex-co-founder, Freshservice (Freshdesk), Navas Meeran, chairman, Eastern Condiments, M. I. Sahadulla – chairman & managing director, KIMS, Rajesh Nair, associate partner EY and K. Paul Thomas, founder – ESAF Group of Social Enterprises.

The Company is gladdened by the fact that four of its own customers, including ESAF and Hedge Equities turned investors in this round, which, according to Zappyhire, “reassures our belief in Zappyhire’s potential in the recruitment automation domain.”

Zappyhire is keen to hire for various positions and accelerate its growth across Asia and North America.

Jyothis KS and Deepu Xavier, co-founders, Zappyhire, reveal that their mission is “to revolutionise talent acquisition for business through our SaaS platform”.

They plan to use the funds acquired to “catapult our plan to grow as a global leader in recruitment automation providers”, for which they are looking to hire “smart minds” capable of fueling their “next phase of growth”.

Zappyhire, which can be called a ‘Siri-for-recruiter’, suggests the right recommendations for recruitment activities basis the historical data of the organisation.

The platform auto pre-screens and ranks candidates from hundreds of applications using semantic resume parser and AI-enabled video interview. It eliminates human effort on candidate engagement processes, such as scheduling/rescheduling interviews of assessment, as well as post-offer engagement to reduce the offer-drop-out ratio using conversation AI.

Its list of esteemed clients includes ESAF Bank, Carestack, Surveysparrow, Jiffy.ai and BukuKas among others.

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