Weekday, a YCombinator-backed startup, has raised $2.2 million in seed funding led by Venture Highway with support from angel investors. The startup will use the capital to strengthen its current team, establishing the way for more remote hiring.
Additionally, the money will be used to broaden Weekday’s reach outside the engineering industry.
“People check and rely on reviews nowadays for everything, be that going to a restaurant or buying anything on e-commerce. But, when it comes to making the important decision of hiring someone, they are happy to rely on a self- reported resume. This creates a detrimental cycle for both employers and the candidate. We want to change that. We want to solve the problem of lack of trust in the hiring process. We believe that a recruiting platform with “references” as the cornerstone is the solution that solves all hiring problems,” said Amit Singh, CEO and co-founder, Weekday.
The startup said in a press release that it will onboard more candidates and expand partnerships. By 2025, the team expects to onboard 250,000 active job seekers.
Commenting on the funding, Aviral Bhatnagar, Venture Highway said that, “While most other company functions like design, product, dev tools, and sales have seen breakthrough products in the last 5-6 years, recruitment of tech talent still hasn’t. We are partnering with Weekday as they try to change that.”
Founded in 2021 by Amit Singh, Anubav Malik, and Chetan Dalal, Weekday is an online referral network marketplace. It lets users register and apply for jobs based on references. Candidates whose referrals are interviewed receive rewards, discounts, and vouchers. Its engineering partnership platform lets users chat, share salaries and company reviews, etc.