Able Jobs, operated by Jobbox Technologies Pvt. Ltd, will use the funding proceeds to accelerate its product growth and expand its team. The company also plans to build training products for companies to hire talent and expand into adjacent sectors like fast-moving consumer goods (FMCG) and banking, financial services, and insurance (BFSI).
Founded in May last year, Able Jobs provides end-to-end hiring support to companies from finding the right candidate to getting them deployed. It also helps companies acquire talent through social channels and gives them access to people beyond job portals.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from August 17-19, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Able Jobs||Bengaluru||1.8 million||Seed||Saif Partners||Y Combinator, Neeraj Arora, Titan Capital, First Cheque||Education/Training||HR Tech|
|Habbit Health and Nutrition||Delhi||-||Pre-Seed||3one4 Capital, Utsav Somani of AngelList India||RB Investments, Better Capital, First Cheque||Consumer Products||Fitness & Wellness|
|Chingari||Bengaluru||-||-||Brian Norgard, Fabrice Grinda||-||Internet||Social Media|
|Pixxel||Bengaluru||5 million||Seed||Blume Ventures, growX Ventures, Lightspeed Ventures||Stanford Angels, Ryan Johnson, Inventus Capital||Aerospace||-|
|CometChat||Mumbai/Denver||1.6 million||Seed||Range Ventures, Silicon Badia, iSeed Ventures||-||Software||SaaS|
|Masai School||Bengaluru||2.5 million||Pre-Series A||Unitus Ventures||India Quotient and AngelList India||Education/Training||EdTech|
|Repute Network||Bengaluru||1.7 million (reported)||Seed||Rocket Internet||3one4 Capital, GFC Global, Saison Capital, AL Trust, Jitendra Gupta||IT Security/Cybersecurity||Blockchain|
|FPL Technologies||Pune||10 million||Series A||Matrix Partners India, Sequoia Capital India, Hummingbird Ventures||-||Financial Services||FinTech|
|Eden Smart Homes||Delhi||-||-||Inflection Point Ventures||-||Internet||Internet of Things|
|Text Mercato||Bengaluru||646666||Series A||1Crowd||Betatron, Andrew Dell, Raaj Shah||Media||-|
|Stack Finance||Gurugram||-||Seed||SOSV, MOX||AngelList India, IIIT Hyderabad Seed fund, Rohit Chanana, Ajith Karimpana, Ujwal Boyalla, Rebalance angels||Financial Services||FinTech|
|MitronTV||Bengaluru||5 million||Series A||Nexus Venture Partners||3one4 Capital, LetsVenture, Deep Kalra, Amrish Rau, Jiten Gupta, Amarjit Batra, Anand Chandrasekharan, Radhika Ghai, Vikalp Sahni, Shanti Mohan, TK Kurien, Manish Vij, Harish Bahl||Internet||Social Media|