Whistle Talk , a social recruiting platform, has raised $400,000 from Hyderabad Angels in a funding round led by Hyderabad Angels member, Raghu Bathina. The funds will be used to run the operations and market the product. At present, the team size of the startup is 10, however, the company plans to increase the count to 15 in next six months, according to a vcc circle report.
Based in Bangalore, Whistletalk is a social hiring platform that allows users to share job openings in their team or help friends to find a job and earn a referral bonus. While sharing a job, users can also target other users with whom they want to share the job. The company claims that it has built a matching and virality engine which shares job postings with people who are most likely to benefit from the posting on the user’s social network. For recruiters, Whistletalk enables hiring through the social network of the current employees. In return, Whistletalk also allows recruiters to offer a referral bonus to employees.
Challenges: We believe that the site will work in favor of job seekers with a wide social network. Apart from that, while using the site we felt that discovery of job offers that are not coming from ones own social network was poor. It’s also not clear as to how the company plans to monetize its operations. At the time of writing this article, we found posting a job offer is free of cost.
Earlier this year, Hyderabad Angels invested about Rs 2 crore in E-learning startup Edutor Technologies . It has also invested in Identis, which develops custom RFID chips for the manufacturing industry.
Other offerings in recruiting space
Recently, ThinkFruit.in , a strategy, operations and management consultant company, launched JobFit.in , a skill certification and job recruitment site. The portal provides skill assessment tests for job seekers that intends to highlight their top skills to the recruiters.
Apart from that, WhistleTalk competes with recruitment players including Naukri , Shine.com , Monster, ClickJobs and TimesJobs, besides job boards, and popular professional network, LinkedIn. Last year, YourNextLeap.com , a web-based career recommendation engine, had pivoted to a job site, allowing users to build profiles, take aptitude tests and search for jobs. The site also offered an assessment tool, suggesting jobs based on an assessment of the user’s activities, interests and strengths.
source: http://www.medianama.com / Home / by Apurva Chardhary / December 04th, 2012