Get All Access for $5/mo

Coffeee.io Raises INR 4.7 Crore In Pre-Seed Funding 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

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Coffeee.io, an innovative tech recruitment startup startup, has raised INR 4.7 crore in a pre-Seed funding round. The round saw participation from 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), Patekk Agarwal (ex-Bharatpe, serial entrepreneur), Chinmaya Sharma (partner, InfoEdge), Rameez Menon (MD, Oxbridge Capital) and many 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, 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, Coffeee.

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 other, as per company statement.

"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.

As per a report by Fortune Business Insights, the global online recruitment market is expected to grow by a CAGR of 7.1 per cent to $43.39 billion by 2027.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Fintech Start-Up CredFlow Secures $3.7M Pre-Series B Funding

CredFlow said that the funding proceeds will go towards "optimizing and scaling the startup's financial services and lending verticals, as well as towards improving its tech and innovation capabilities."

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform