Technology focused venture fund Helion Advisors has invested in online recruitment platform TalentPad.
This is the first round of institutional fund, details of which were not disclosed, raising by TalentPad. The company intends to use to drive marketing initiatives and bolster its management team. Ritesh Banglani, partner, Helion, will join the board of the company.
On Thursday, in a press release, Mr. Banglani said for Helion consumer internet services remain a priority investment sector. “We are always on the lookout for innovative plays in large, established markets like recruitment,” he said.
Given the huge demand-supply gap in the recruitment segment, particularly at the higher end of technology driven businesses, TalentPad, he said, is “ideally poised to meet the emerging opportunity.”
Co-founded in February 2014 by IIT and IIM alumnus, Mayank Jain, Nikhil Vij and Raghav Jain, TalentPad works with 150 companies across sectors like e-commerce, online media, mobile, enterprise SaaS and online education.