Subodh, HireMantra.com, Artificial Intelligence driven SAAS platform for Recruitment
YourStory.in recently caught up with Subodh Vinchurkar, CEO of HireMantra.com, on what it takes to build a cost effective, artificial intelligence driven platform for hiring the best talent in India!
Subodh, What is HireMantra.com?
HireMantra.com provides the fastest and the most cost effective way to hire the right talent in India. It is an Artificial Intelligence technology driven SaaS platform that saves on an average of about 176 hours(around 4 weeks) of recruitment effort per every job position closed. We specifically offer auto sourcing, channel aggregation and auto screening.
The solution helps businesses in hiring better talent faster and cost effectively by
One click sourcing from multiple channels of top job boards and social media platforms.
Cutting down 100's of hours in screening time, by matching incoming applications with job requirement automatically.
Powerful yet surprisingly easy platform helps you manage recruitment process effortlessly.
Why did you start HireMantra.com? How much initial capital did it take while starting up?
Recruitment is $3 billion market and technology can solve a lot of problems here. It took about 2 years and 1.5 Crores of investment to bring out HireMantra.com to market.
What is your work experience prior to starting up?
I did my B.E. in Electronics and then got my MBA from IIM Bangalore. I have experience of more than 15 years. Previously, I worked with IBM and Yahoo in technology and business roles before starting this venture. My co-founder and my wife, Devyani Vinchurkar, did her B.E. in Computer Science and has an MBA from Symbiosis. She has work experience of more than 13 years in technology and business roles. She has worked with IBM and Lucent before starting this venture.
What is the response that you have been receiving since the launch?
When we signed up our first alpha customer two months ago, he called us up and said that he was so happy with the results that he can't help but talk about it to so many people. He has been referring new customers since that time to HireMantra. Every customer is our evangelist only because of value the our online platform has been able to deliver.
Exciting. So, where do you see HireMantra.com five years from now?
Solving recruitment pain of tens of thousands of customers world-wide and bringing a little bit of smile to the faces troubled by complexity of hiring process.
What is your revenue model? And, have you been funded?
We are an online hosted platform where people can sign-up pay and consume job posting service. We have been self funded so far. The funds have come from internal accruals, friends and family.
What are your challenges?
Creation is joy, at the same time, creation is the toughest thing to do in this world. The challenge is to keep all the stake holders focused and charged in spite of the creation challenge that is taxing on the team at times.
How big is your team? Where are you based out of? Are you looking at hiring?
We have 25 people team mainly focused on R&D and business development. We are based out of Bangalore. We are hiring mainly in operations & sales at the moment.
Let us know about your expansion plans.
We are still in beta phase, and plan to grow to India wide scale this year, and go global early next year.