Acciojob, a Gurugram-based startup which offers placement services for students, has raised Rs 1.25 crore (around $180,000) in a fresh round of funding led by Mehta Ventures, a family office.
Apart from Hershel Mehta, principal of Mehta Ventures and cousin of veteran angel investor Sanjay Mehta, the investment also included participation from existing investor and Silicon Valley-based accelerator Y Combinator.
Founded by graduates of Indian Institute of Technology-Delhi, AccioJob aims to be a one-stop placement solution for students, colleges and companies by offering a marketplace for jobs.
“We aim to create a network of colleges and become the central placement platform for companies to hire from campuses, taking this process online," said AccioJob chief executive Yashwardhan Burad.
The firm claims the number of students hired by AccioJob’s partner companies has been growing at 100% month-on-month for the last three months.
“The concept of students creating robust profiles on their platform is very appealing," said Hershel Mehta. “AccioJob can become like an Amazon marketplace for interns and first time job seekers. The vastness and complexity of India's education system creates a real problem for both universities and corporations looking to hire.”
AccioJob intends to on-board 1,000 colleges in the next two years.
The market size currently is $900 million and is growing at about 15% annually, AccioJob added.
