Indonesia: HR SaaS company Rekruta raises seed round from East Ventures

Indonesia-based human resource Software-as-a-Service company Rekruta has raised an undisclosed amount in seed funding from early-stage venture capital firm East Ventures, according to a report.

Rekruta helps companies plan and track their hiring process with its online dashboard, from putting out job ads to conducting interviews to making offers, and allows hiring managers and recruiters to collaborate in real-time. Companies can also use Rekruta’s interview kit that will give interviewers a better understanding of the sort of questions they should ask to find the right hire.

Founded in December 2015, the company intends to use the funds to enhance the SaaS product and increase headcount.

Led by two co-founders Silvia Pratama (CEO) and Yanuar Wibisono (CTO), the company claims to have signed on a number of clients, including Kudo, a Jakarta-based e-commerce company.

“Considering that there are more than 44,000 medium to big enterprises in Indonesia, the potential and opportunities for Indonesia’s HR SaaS market are tremendous. HR is already a billion-­dollar industry globally, with room for growth,” said Pratama in an interaction with Tech in Asia.

She added that the company expects to add over 100 medium to big companies as paying clients, and declined to disclose usage fees.

Willson Cuaca, the managing partner of East Ventures, also said that the investment firm sees promise in the way Rekruta is solving a problem in the recruitment sector. “Rekruta is helping companies from the demand side when it comes to managing human resource problems,” he said.

East Ventures also invested in Talenta, another Jakarta-based HR SaaS company that tackles attendance, employee database and payroll management issues.

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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.