Spottabl Raises Seed Round

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SaaS-enabled full-stack hiring platform Spottabl, today announced that it has raised a seed round of INR 3.5 Crores. The round saw participation from Paradigm Shift VC, Binny Bansal, Cofounder of Flipkart and xto10x, LetsVenture, and few former top Executives from Flipkart like Mekin Maheshwari, Founder Udhyam.org, Rishi Vasudev, co-founder G.O.A.T Brand Labs, Anil Goteti Co-founder Protonn, and Nishant Verman co-founder Bzaar. The company was bootstrapped prior to raising its maiden seed round recently.

Spottabl is Rewiring Hiring and building a full-stack hiring solution that enables tech startups to discover and hire talent faster! Spottabl was founded in 2020 by seasoned recruitment leader Vanishri Deshpande(Cofounder and CEO), who earlier worked with Flipkart, Nexus Venture Partners and Practo etc, and Satheesh KV (Cofounder and COO) who earlier worked with Flipkart as a Sr Director HR prior to joining xto10x as GM People Excellence, along with Anupam Choudhari (Cofounder Tech & Product) who had earlier worked with Recruitment AI startup EDGE Networks.

Spottabl will utilize the funds towards building a scalable self-serve product and start growth initiatives for capturing recruiter agency supply.

More than 100,000 fast-growing tech companies and enterprises are looking to hire top talent quickly for which they access specialized recruiters and agencies that recruit globally – the entire hiring chain is currently in an unorganized state. With the rapidly growing talent demand in the ecosystem, companies are looking for intelligent and scalable solutions to engage and hire the top talent catering to their jobs.

A massive number of independent specialist recruiters and small agencies are unorganized and fragmented. Spottabl brings them all together on a single platform. This helps companies get their hiring needs fulfilled in a short time with the help of specialized on-demand recruiters. This moreover enables small and medium-sized offline agencies to get digitized and get business opportunities, efficiently recruit on the platform, and increase their earning potential.

With its self-serve product built recently, Spottabl registered 3X Quarterly growth for the period of 6 months and has seen a 5X growth in Recruiters Community in 2021 with about 40% of the recruiters and boutique agencies making significant gig earnings through Spottabl is currently serving over 250 open positions of high-growth companies with a talent pool provided by a community of over 600 specialized recruiters.

Commenting on the fundraise Vani Co-founder & CEO, Spottabl said, “Having worked closely with founders and business leaders for several years, we realised one major pain point persisted. Getting the right talent hired in an efficient and faster way continues to be unsolved. Companies continued to struggle with age-old traditional methods leading to increased hiring frictions. We saw this as an opportunity to solve through an intelligent platform that is powered by personalized hiring solutions. Our on-demand recruiter platform takes the end to end ownership to ensure hiring success for each of our customers”

Commenting on the fundraise, Govind Mundhra, Founding General Partner, Paradigm Shift VC said “Spottabl is solving one of the most important challenges prevalent in the startup ecosystem globally – hiring top talent. This problem can be best solved innovatively by those who are well acclimatised with the nuances of hiring in today’s startup ecosystem, and industry veterans like Vani, Satheesh and Anupam are best suited for this.”

Commenting on the fundraise Shanti Mohan, CEO & Co-founder, LetsVenture said “What I love about Spottabl is the amazing team, and the sharp focus towards building a marketplace for recruiters and founders, creating efficiency in an otherwise tough market. This intersection is a model that could go on to disrupt the hiring vertical.”

Binny Bansal, Cofounder of Flipkart and xto10x quoted “Finding and hiring the right talent is a crucial factor in a startup’s journey, especially for those looking at scaling rapidly. As we see massive shifts in the workforce trends, Founders and HR leaders need to rethink strategies to attract, hire and retain top talent. With its AI-powered talent sourcing technology, Spottabl is making talent discovery and recruitment smarter, faster, and seamless. Intelligent and personalized talent acquisition is the way forward.”

In addition to the fundraising, Spottabl will look to maximize its customer base in startups and booming enterprises in India, North America, and South-East Asia in the next few months. Spottabl also aims to build a large community of specialist recruiters; organizing and digitizing end-to-end agency recruitment to match up with the massive hiring by world-class companies.

Spottabl’s model promises to bring efficiency to the entire hiring cycle across talent discovery stages to a successful hire. The SaaS platform aims at making access to these on-demand recruiters efficient. Spottabl recently launched self-serve features and subscription-driven discounted hiring models on the platform.



Categories: Seed Funds

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