4/10/2019 – The Indonesia based recruitment platform startup announces today the successful closing of their pre-series A fund. Led by Venturra Discover, the fund was joined by new investors Azure Ventures and Japanese HR firm Bizreach Inc. This round of funding also saw the comeback of all existing investors including East Ventures, Prasetia Dwidharma, and Skystar Capital. The exact amount of the fund was not disclosed.
Raditya Pramana, Managing Partner of Venturra Discovery commented, “Within the last decade, we have seen how technology was able to support the growth of multiple industries and disrupt the way things are being run. It is indeed ironic that the recruitment process for middle to upper managerial level is still being conducted manually; it has made it really difficult to search for the best candidate. This called for a unique solution that utilizes technology to help classify candidates, which we believe Ekrut is able to offer,”
The fresh funds received will be used to accelerate the startup’s growth while simultaneously increasing their grasp in both product and data science. Ekrut is also looking to expand the company’s network of talents and employers on board.
Founded in 2016 by Steven Suliawan and Ardo Gozal, the recruitment platform is powered by data science that intelligently curates and identifies suitable candidates to be presented to the employers on a weekly basis, which is half the time of the industry standard of two weeks.
Ekrut claims to host a network of 2,700 employers and 120,000 highly skilled candidates. Among their list of high profile employers are the Indonesian unicorns Tokopedia and Go-Jek.
This pre-series A funding comes approximately two years after its seed funding round back in January 2017.
Other players in the Indonesian recruitment platform market includes Kejora-backed Qareer Group with two platforms Qerja and Jobs.id under their belts, Golden Gates-backed Gadjian, and East Ventures-backed Talenta.
This news is published on Reuters.