Investors: Prime Venture Partners, Venture Highway and Y Combinator
Bengaluru, August 19, 2021: Hiration, an AI-powered career platform which helps professionals create high-impact resumes and find their dream job, has raised INR 21 crore ($3 million) from Prime Venture Partners , Venture Highway and Y Combinator . Hiration uses AI to help professionals in creating resumes 4 times faster, that gets them double the shortlists. It has already served over 500,000 customers and more than 75 universities globally.The company will use the fresh capital to further develop its product, scale its operations in India and the US and hire across functions.
Founded in 2017 by Anish Raj Sikka and Aditya Sharma, Hiration leverages technology previously only available to recruiters and puts it into the hands of job seekers. The platform helps qualified candidates write an effective resume that is customized to ensure that it passes through today’s tech-powered candidate review tools and gets in hands of those doing the hiring. While resume writing, optimization and design is the core of Hiration’s offering, the platform’s customized flow also supports job seekers throughout the different stages of finding a job, including writing cover letters, creating online portfolios, optimizing LinkedIn profiles & comprehensively preparing for interviews.
Hiration is currently operational in India and the US and apart from directly helping professionals, the company also works with over 75 leading universities like IIT Madras, Stanford University, Indiana University–Purdue University Indianapolis (IUPUI) and edtech companies like UpGrad, Times Learning, Pearson, Edureka, and others to offer new graduates a leg up in an unpredictable post-pandemic hiring environment. Its technology flips the script on today’s applicant tracking systems, leveraging AI and machine learning to help job seekers build and optimize their resumes to ensure that they rise to the top - providing a crucial differentiator to applicants vying for the most competitive companies and roles.
In terms of job stickiness, professionals are job-hopping more than ever before. According to a study by LinkedIn, one in three Millennials has had two jobs within the last five years, compared to one in five Gen X respondents. As more millennials enter the workforce, the younger generation is dynamic and there is less willingness to stay in their current jobs for a long period of time. Resumes form a core part of an individual’s professional identity while seeking new jobs. However, resume building is a cumbersome process & often fails to accurately reflect the profile of a job seeker.
Hiration aims to become a one stop solution for professionals to manage their job search process/careers as well as reduce the effort & time that goes into building a good resume. Over the past 3 years, the startup has analyzed millions of job postings and resumes to identify signals that determine whether a candidate is suitable for a job or not. Using AI and Machine Learning, the company has developed a career assistant that guides job seekers in real time, while they are crafting their resume or preparing for their interview. As a result, the users end up getting better jobs in less time than they otherwise would have.
Hiration’s platform is available to job seekers in nearly any industry for Rs. 399 for one month or Rs. 899 for one year. For more information on Hiration, to sign up to build your own resume, or to inquire about potential partnerships, visit www.hiration.com.
Anish Raj Sikka, CEO & Co-Founder, Hiration
“Aditya and I met in IIM Calcutta, where we were given intensive training on the art of finding a job, like networking, writing great resumes, and preparing for job interviews. But when we were hiring for roles at our last startup, we saw how today’s hiring technology is tilted in favor of the companies hiring. While people invest time and money learning the skills for their jobs, they aren’t taught how to excel at the hiring process. This is a huge opportunity for Hiration to impact One billion professionals who change jobs every year. We want to offer the same technology to job candidates and offer tools to those who may otherwise have been overlooked because they didn’t have access to the same resources or training.”
Amit Somani, Managing Partner, Prime Venture Partners
“Artificial intelligence will have as much if not more impact on our lives than even the internet. Hiration is using AI and ML to help job seekers auto-magically create resumes from scratch with little to no human intervention. Not only are these resumes much easier to create, they are in fact better than ones authored by humans since they are built for humans and software alike that are evaluating them for hiring positions. Hiration dreams of helping job seekers in all aspects of their job search process. They also have an impressive roster of world class universities, job boards and companies using their technology. Prime Ventures is very excited about this missionary set of founders as they transform the hiring market.”
Aditya Sharma, CTO & cofounder, Hiration
“Over the past 3 years, we’ve analyzed millions of job postings and resumes to identify signals that determine whether a candidate is suitable for a job or not. Making sense of data at this scale has only become possible with the recent advancements in natural language processing and deep learning. Using OpenAI’s GPT-3 and other in-house machine learning models, we’ve developed a career assistant that guides job seekers in real time, while they are crafting their resume or preparing for their interview. As a result, our users end up getting better jobs in less time than they otherwise would have.”
Samir Sood, Founder, Venture Highway
“While multiple players are solving for recruiters, we have not come across platforms which are focused on candidates and meaningfully solve for the entire candidate employment journey. Hiration is building a uniquely powerful, customised career platform for job seekers which is candidate first and tech-first, starting with an automated resume offering. There are strong tailwinds for this model due to the pandemic. We are very excited to partner with the Hiration team as they continue to disrupt the employment vertical.”
Hiration is an HR tech startup that levels the playing field for job seekers, offering world class resources to make it easy for qualified candidates to create the perfect resumes and find their dream role. By leveraging the power of AI and machine learning previously only available to recruiters, Hiration flips the script on today’s applicant tracking systems, helping job seekers build and optimize their resume to ensure that it rises to the top. Hiration was founded in 2017 by Anish Raj Sikka and Aditya Sharma and is headquartered in San Francisco and New Delhi. For more information, visit www.hiration.com.
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