Despite advances in technology, recruitment heads of companies struggle with a barrage of ill-suited resumes, long recruitment cycles, and candidates that are a poor fit with company culture. Seeking to tackle this problem, India’s Belong has built a recruitment tool that takes advantage of data science and predictive analytics.
Today, the startup announced it has raised a US$5 million round led by Matrix Partners. The other investors include Blume Ventures, and leading angels like Snapdeal co-founders Kunal Bahl and Rohit Bansal, and redBus co-founder Phanindra Sama.
Belong is essentially automating and supercharging how startups often hire: scanning resumes online. Its search and recommendation tool analyzes millions of profiles across social, Internet, and public sources to find the best fit for a startup based on its culture and skill requirements. Belong also figures out whether the candidate is open to new opportunities from other companies.
Belong currently helps companies hire product and engineering talent and will soon be available for hiring data sciences and design talent.
The startup claims to have served growth stage companies like Snapdeal, Ola, Practo, Akosha, and Zivame, which have collectively made more than 100 offers through its platform.
Tarun Davda, director of Matrix India, which has US$481 million under its belt, revealed today that it has made five SaaS investments in the past twelve months and plans to continue investing aggressively to build upon its global SaaS franchise.
Blume, on the other hand, has made a bet in the HR space in the past when it backed IDfy. The startup allows users to create a virtual identity by scanning and uploading their identity documents and getting their credentials verified. It also allows organizations to conduct online background checks of employees.
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