Launches its Enterprise Application for employee referrals and mass recruitment, also announced the closing of their first round of funding for Rs. 2 Crores
MintMesh, a US based technology solutions provider of Resource Discovery tools, announced today the launch of its Enterprise application for employee referrals and mass recruitment. They also announced the closing of their first round of funding for Rs. 2 Crores from a mix of Indian and US investors.
Shortage of qualified manpower and rising attrition are creating a need for faster and better fulfillment of resource requests in the Indian Market. It is well known that referrals are the best source of hires. Referrals can reduce time to hire by over 55% and reduce cost of hiring by over 30%. Yet, referrals are still done using antiquated methods resulting in poor employee participation.
MintMesh has rolled out its modern Employee Referral platform aimed at improving employee engagement and user experience. After several months of beta testing, the platform has been released for the Indian, Middle East and US markets.
Speaking on the launch Sunil Nair, Co-founder and Director of MintMesh USA said, “We believe that the time is ripe for a product that is both mobile friendly and Enterprise enabled in this space. With our use of natural language processing and a proprietary resume match algorithm, we can optimize workload of recruiters. We have entered into partnerships with some of the world’s largest HR business application providers to complement their offering. With these integrations, we expand our addressable market to all leading Indian SMB/Large Corporates and MNCs.”
Ajay Rayaroth, Co-founder and Managing Director of MintMesh in India commented, “We are very excited with this launch. We bring gamification, multiple gratification options and total transparency, increasing the engagement of employees in the referral process. We believe, this will be a game changer in the talent acquisition space in India. Mobile as a distribution channel is becoming increasingly important, and MintMesh is uniquely placed to take advantage of this trend.”
MintMesh is a SAAS product and Enterprises can start using this product as a standalone application or integrate with their existing recruitment tools.
