Hillhouse leads $27m Series B investment in HR solutions startup Moka

Chinese data-driven recruitment solutions provider Moka has completed a 180 million yuan Series B financing led by Hillhouse Capital.

GGV Capital, GSR Ventures and Xianghe Capital also participated in the round.

The startup said it will use the proceeds from the investment to recruit talent and boost product innovation and business development.

Founded in 2015, Moka provides end-to-end hiring services. It allows employers to post job listings across multiple platforms, uses AI to screen and recommend candidates and finally, helps recruiters plan interviews.

The company claims it had over 500 corporate customers, including Xiaomi, Sogou, Burger King, Arm China and China Pacific Insurance, at the end of 2018.

“The domestic economy has experienced rapid growth in the recent past. While business performance has improved, it has generally shown weak organisational capabilities. The reason behind this is largely because of the low digitisation and refined operation of human resources,” commented Moka founder Orion Zhao.

Moka, founded by former Berkeley and Facebook executives in 2015, currently employs more than 200 people. The company raised an undisclosed Series A round in June 2017 led by GGV Capital.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.