Saturday, April 1, 2023

HR Tech Startup FloCareer Raises $5.7 M in Series a Funding

HR Tech Startup FloCareer Raises $5.7 M in Series a Funding

HR tech startup FloCareer has raised $5.7 million in Series-A funding from Data Point Capital along with the participation of Uncorrelated Ventures and Orios Venture Partners.

Launched in 2018 by Mehul Bhatt and Mohit Jain, FloCareer helps to hire companies across the globe by conducting technical rounds of interviews through gig workers on its video interviewing platform, by leveraging more than 3,000 industry experienced freelance interviewers across the world. A balanced mix of AI and Gig-Workers to solve the challenges of hiring companies will remain the core strategy of FloCareer.

FloCareer will use this capital to strengthen its position as a leader in gig-workers-powered video interview platforms in the US and India. It intends to use the proceeds in business development in the US while continuing to grow in India. It will continue to innovate new people-focused solutions, using cutting-edge technology.

As per its claims, its interview standardization has helped over 150 companies conduct more than 1.5 lakh interviews with more than 7.5 million video interview minutes on their platform, with the help of freelance industry experts in the last three years.

Orios’ Managing Partner, Rajeev Suri stated, “The post-pandemic environment has unlocked plenty of innovation. FloCareer’s AI-led innovative breakthrough is creating radically better hiring outcomes across the board, resulting in their hyper-growth and a market-dominating position. Their ability to scale up leveraging the “Github” open economy allows them literally unlimited scale.”