Specialised tech recruitment firm Coffeee.io secures Rs 4.7 crore in its pre-seed funding round
Coffeee.io, a company in the recruitment industry, raised Rs 4.7 crore from 34 angel investors and angel networks as part of a pre-seed round.
They include, among others, Supermorpheus, Let’s Venture, Kunal Shah (Founder, CRED), Prabhu R (Founder, M2P), Amit Lakhotia (Founder, Park+), Renu Satti (Ex-COO Payments, Paytm), Vikas Garg (CFO, Paytm), Pratekk Agarwal (Ex-Bharatpe), Chinmaya Sharma (Partner, Infoedge), Rameez Menon(MD, Oxbridge Capital), Manu Jain (Founder, Vama) .
The round also saw participation from Kunal Shah (Founder, Cred), Vikas Garg (CFO, Paytm), Prabhu R (Founder, M2P), Rameez Menon , Aayush Narang (Founder, Spark18), Supermorpheus, Let’s Venture, Amit Lakhotia (Founder, Park+), Renu Satti (Ex-COO – Payments, Paytm), Pratekk Agarwal (Ex-Bharatpe and Serial Entrepreneur), Chinmaya Sharma (Partner, Info Edge), and many others.
Coffeee wants to be the market place in India with the greatest pool of pre-screened developers looking for entry-level positions, where talent and merit are given priority.
The startup provides a level playing field by eliminating all biases related to factors like geography and college rankings, among others, so that all job candidates have an equal chance of being hired by top companies.
Coffeee co-founder and CEO Amit Veer said, “Developer hiring is the most difficult task that all digital businesses face, and the only solution is to increase the supply of excellent talent from the ground up, on engineering campuses. Coffeee improves applicants’ readiness with industry-focused training and enables businesses to easily hire them without incurring big fees .”
Amit Lakhotia, an angel investor, stated, “Despite recent technology developments, the Indian search and recruiting business has largely stayed constant since the late 1990s, when internet job portals entered the market, many of which continue to dominate the field today. We feel the business urgently requires innovation, and Coffeee, with its differentiated offers, has the potential to be a disruptive leader in the sector. “
Coffeee.io secures Rs 4.7 crore in its pre-seed funding round. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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