Recruitment startup Coffeee.io has raised Rs 4.7 crore in a pre-seed funding round from a clutch of angle investors and networks.
The round also saw participation from Kunal Shah (Founder, Cred), Vikas Garg (CFO, Paytm), Prabhu R (Founder, M2P), Rameez Menon (MD, Oxbridge Capital), 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), Manu Jain (Founder, Vama) and many others.
The startup plans to use the funds to use the fresh funds to scale its operations.
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The Gurugram-based Coffeee.io was founded in 2021 by Amit Veer and Neha Sharma, It is an AI-enabled pre-assessment and recruitment platform that provides a level playing field where all candidates get an equal opportunity to be hired by leading companies by eliminating all the biases around college rank and geography.
In addition, the startup’s coding-enabled live online interview feature enables companies to conduct thorough evaluation and quick decision making at a fraction of the typical cost of hiring.
“Developer hiring is the biggest challenge facing all tech companies and the only solution is to boost the supply of quality talent from the grassroots. At Coffeee, we enhance the preparedness of candidates with industry-focused training and enable companies to hire them without incurring costs,” said, Amit Veer, chief executive officer and co-founder of Coffeee.
The startup aims to be the marketplace in India with the largest pool of pre-screened developers aspiring to find entry-level jobs, where competency and talent take center stage.
“Despite recent technological advancements, the Indian search and recruitment market has largely remained unchanged since the late 90s, which saw the entry of internet job portals, many of which still dominate the sector to this day. We believe the sector requires urgent disruption, and Coffeee, with its differentiated offerings, has the right making to be a transformative leader in the sector,” said, Amit Lakhotia, angel investor.
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Coffeee is a brand new world of opportunities for fresh developer graduates. A lot is going to change.