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  • Specialised Tech Recruitment startup, Coffeee.io raises INR 4.7 crore in pre-seed funding

    Published on August 19, 2022

    • Coffeee’s AI-driven pre-assessment and recruitment platform lets companies hire quickly, easily, and economically.
    • The most unique feature of Coffeee are the Free Coffeee BootCamps, Industry focused modules that prepare candidates who are talented but lack the skills to crack interviews.

    Coffeee.io, an innovative tech recruitment startup today announced that it has raised INR 4.7 crore in a pre-seed funding round.

    A total of 34 angel investors and angel networks participated in the funding round. They include Supermorpheus, Let’s Venture, Kunal Shah (Founder- Cred), Prabhu R (Founder- M2P), Amit Lakhotia (Founder- Park+), Renu Satti (Ex- COO Payments, Paytm), Vikas Garg (CFO- Paytm), Pratekk Agarwal (Ex-Bharatpe, Serial Entrepreneur), Chinmaya Sharma (Partner – Infoedge), Rameez Menon (MD- Oxbridge Capital), Aayush Narang (Founder- Spark18), Manu Jain (Founder – Vama) and many others.

    Coffeee aims to be the marketplace with the largest pool of pre-screened developers in India aspiring to get entry-level jobs; where merit and talent take center stage. The startup offers a level playing field where all candidates have equal opportunities to get hired by leading companies by eliminating all biases around college ranks and geography, among others. “Developer hiring is the biggest challenge facing all tech companies, and the only solution is to boost the supply of quality talent from the grassroots i.e., the engineering campuses. At Coffeee, we enhance the preparedness of candidates with industry-focused training, and enable companies to seamlessly hire them without incurring huge costs,” said Amit Veer, Co-founder and CEO of Coffeee.

    As per a report by Fortune Business Insights™, the global online recruitment market is expected to grow by a CAGR of 7.1% to USD 43.39 by 2027. Every year in India, over 1.7 million software engineers are added to its hyper-competitive IT jobs market, yet hiring still remains a challenge for most companies in the sector. Coffeee aims to solve for the challenge by allowing recruiters to search profiles of pre-screened developers using over 40 parameters to define the best fit. In addition, this platform’s coding-enabled live online interview feature enables companies in a thorough assessment and quick decision making, at a fraction of the usual cost of hiring. 

    “A key feature that sets our platform apart from existing job portals are Coffeee BootCamps”, said Neha Sharma, Co-founder and Chief Growth Officer. Free to access and learn, Coffeee Bootcamps are designed specifically to prepare freshers for their dream jobs, so that they can excel at their workplaces from the get-go. “We have received a highly positive response from the industry for candidates who  get trained through our bootcamps. Our endeavour is to train 1,00,000 candidates through our platform by 2023” Neha further said.

    “Despite recent technological advancements, the Indian search and recruitment market has largely remained unchanged since the late 90s, which saw the entry of internet job portals, many of which still dominate the sector to this day. We believe the sector requires urgent disruption, and Coffeee, with its differentiated offerings, has the right making to be a transformative leader in the sector,” said Amit Lakhotia, Angel investor.

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