Bangalore-based Job Portal Startup Seeks $5 Million After Raising $1 Million In Seed Funding – Explained!

Organizing The Unorganized (OTU) India, a Bangalore-based startup, is ready to lift round $5 million in a pre-Series A funding spherical over the following few months to cowl prices associated to areas like know-how and buyer acquisition. This is along with round $1 million that OTU has already raised in seed funding lately. Pre-Series A is an intermediate spherical of financing between the seed and Series A levels.

Bangalore-based job portal startup seeks $5 million after elevating $1 million in seed funding

Participants within the seed funding spherical included Dream11 founder Harsh Jain, group firm Zerodha, Rainmatter Investments, Sangam Textile Group of Bhilwara and Mittal Steel Group of Bangalore.

OTU, a blue and grey collar job platform connecting employers with workers, was based in 2021 by Pratik Maheshwari, a pc engineer on the Birla Institute of Technology and Science (BiTS) Pilani, and Akhilesh Kothari, a banker from investments. His mentors embody Infibeam Avenues MD Vishal Mehta, a former IAS official and former IRS official.

The startup plans to succeed in the a million consumer milestone within the subsequent 5-6 months by betting closely on demand prospects.

“Currently, more than 1,00,000 candidates have already registered on the OTU portal, and there are more than 1,00,000 vacancies available. Of those potential jobs, more than 40,000 candidates have already been shortlisted and more than 10,000 have received job offers,” mentioned OTU CEO Pratik Maheshwari.

OTU has 70,000 franchise companions and claims to be a sport changer with a singular bodily verification service. Its portal prepares profiles for job seekers and connects them with organized employers.

The startup is within the strategy of linking up with the National Careers Service (NCS) portal, the place greater than 15 million candidates can apply instantly for OTU jobs. It has already partnered with one other authorities company, the NSDC.

Infibeam Avenue CMD Vishal Mehta sees a major alternative to scale within the startup. OTU is “tapping into the full space of 500 million blue-collar workers in India at a time when there is an emerging Gig Economy, making it more relevant, which will not only benefit OTU at scale, but also democratize and organize manual workers in the country,” he mentioned.

Companies which have posted jobs at OTU embody Reliance Industries, DMart, Google Pay, Paytm, Swiggy, Flipkart, Lemon Tree Hotels, and Blue Dart.

The OTU portal has launched its in Rajasthan, Mumbai, Gujarat, Delhi NCR, Bengaluru and Uttar Pradesh.

“We’ve cleared the initial hurdle of the pilot in Rajasthan, and after a significant portion of the user base got jobs, the team prepared to serve everyone in the country. Our plan for the first phase next year is to have a major presence in North India, particularly in the Hindi-speaking belt, and then move to PAN-India,” mentioned Akhilesh Kothari, the opposite co-founder who’s accountable for operations and funds for entrepreneurship.

[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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