Hyderabad Angels Invest $400K in WhistleTalk - A Social Recruiting Company
BANGALORE, December 4, 2012 /PRNewswire/ --
WhistleTalk, a social recruiting company, today announced an investment of $400K by Hyderabad Angels. The investment was led by Hyderabad Angels member, Raghu Bathina.
WhistleTalk is a referral hiring application that enables company employees and hiring managers to use their social networks to find the right talent for the right job. The company's matching and virality engine ensures that right opportunities reach the best candidates at the earliest. As openings are referred by friends, even passive candidates are more likely to apply. Job seekers are further motivated because all applications are employee referred. For the company, getting qualified candidates who already know about their company and at a significantly lower cost makes eminent sense.
"Social recruiting is a huge global opportunity. Companies worldwide are struggling to attract good talent. Globally, we see a trend of smart companies leveraging the influence circles of their current employees to find future employees," explained Raghu Bathina, a Hyderabad Angel and Director at WhistleTalk. "WhistleTalk is out to revolutionise the way organizations find talent," he added.
Ajay Nema, Co-founder and CTO at WhistleTalk said, "Given a job description, WhistleTalk uses a highly scalable, distributed computing engine to search thousands of profiles in real time and recommend relevant applicants, reachable through the social network of each employee."
"We like to invest in companies with great teams that are addressing real world problems with unique solutions," stated Srini Koppolu, President of Hyderabad Angels. "We appreciate how the WhistleTalk team is taking an innovative approach, empowering employees and job seekers to improve referral hiring."
"We are excited to have the support of investors like Hyderabad Angels. The willingness of these successful serial entrepreneurs, to mentor and to guide us has been priceless," said Vinoo Chacko, an ISB Alumni, WhistleTalk Co-founder and CEO. "Everyone wins with WhistleTalk: employees earn a referral bonus from their respective companies, applicants find access to hidden openings till now known only to current employees and organisations quickly hire the best talent. WhistleTalk was launched just 60 days ago and we are excited with the response from both companies and jobseekers to our solution."
About Hyderabad Angels:
Hyderabad Angels is a network of angel investors keen to invest in innovative business ideas which have the potential to create significant value. The primary goal of Hyderabad Angels is to help the entrepreneurial ecosystem by providing early stage investments and mentorship for startups. Young companies not only require monetary help but also require mentoring, operational assistance and industry contacts. Visit: http://www.hyderabadangels.in.
WhistleTalk is a referral hiring application that enables employees and hiring managers to quickly find the best talent. Users can share job openings in their team, help friends to find their dream job and earn a referral bonus. WhistleTalk amplifies the power of referral hiring by leveraging employees' social networks. The WhistleTalk matching and virality engine ensures that right opportunities reach the best candidates fast. Visit: http://www.WhistleTalk.com.
Twitter Handle: @WhistleTalk
Primary Media Contact: Vinoo Chacko, press@WhistleTalk.com
SOURCE WhistleTalk Technologies Pvt. Ltd