FloCareer raises $5.7M in Series A round

flocareer funding

FloCareer, an HR tech startup, announced that it has raised $5.7 million in a Series A round led by Data Point Capital, along with participation from Uncorrelated Ventures and Orios Venture Partners.

The Bengaluru-based startup plans to use the freshly raised funds to further strengthen its market position as a video interview platform for gig professionals in the US and India. It will also be utilizing the capital for product development. The company had earlier raised an angel round of funding in 2018.

Commenting on the investment, Rajeev Suri, Managing Partner of Orios said, “The post-pandemic environment has unlocked plenty of innovation. We are glad to be partnering with FloCareer in scaling their innovative product to solve for hiring technology talent, which has seen a huge people crunch and significant time and cost pressures across the world.”

Founded in 2018, FloCareer helps businesses across the world by conducting technical rounds of interviews of gig professionals via its video interviewing platform with its team of freelance assessors.

FloCareer provides Interviews-as-a-Service, remote hiring, automated BOT-based systems, and applicant tracking systems to its clients. It has experts that help screen potential candidates for a particular job.

The startup claims to manage the hiring of over 150 companies more efficiently via its video tech platform. The platform has conducted over 1.5 lakh interviews with more than 7.5 million minutes of video.

As per FloCareer, it has grown 12X in the last one year and claims help companies hire gig workers four times faster at one-third the cost. The technology platform is available on a SaaS model.

Mehul Bhatt and Mohit Jain, the founders of FloCareer believe that there is a significant market opportunity. “We are also delighted that being a three-year-old startup and challenging environment in last two years we have taken big strides,” they said.

FloCareer seems to have established a strong footprint in the market and is helping several businesses with hiring suitable candidates. I’m sure the company will soon emerge as a leading player in the market. My best wishes to the team of FloCareer.

Shishir Gupta, Founder and CEO, StartupLanes

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