What started as a small Google Group with a few job listings has evolved into a start-up that challenges top job portals such as Naukri and Monster.com. Wisdomjobs.com, started by former Infotech Enterprises (now Cyient) employee Ajay Kolla, now has a resume database of 2.8 crore.
The total size of resumes on online portals is put at six crore, with 15-20 lakh new aspirants coming on board. Founder-Chief Executive Officer Ajay Kolla argues that he is not a me-too player in the market. “Unlike our competition, we vet each of the resumes and put the job seekers to our proprietary IT tool — Pragnya Meter. This makes life easier for recruiting companies.”
Developed in-house, the tool can assess job seekers for over 6,000 skills in IT, pharma, engineering and other fields. “We assess them and give them a rating. For example, if a company wants to hire people with Java, SAP or Hadoop competencies or a combination, they will have to search the database of job portals with thousands of resumes,” he told
The rating assigned by Wisdomjobs to job seekers, however, is not final. “We have set up an e-university with a huge repository of information on various skills. They can go back to the university, learn and take the test again to improve their ratings,” Ajay said.
The Hyderabad-based start-up with 300 employees has bases in the US, Canada, South Africa, Singapore and Malaysia. The firm, which registered a turnover of ₹22 crore last year, is targeting ₹40 crore this fiscal. It is also planning to expand its presence to major cities in the country and abroad.
The company is in talks with private equity players to raise ₹40 crore this financial year. “We are going to dilute 25 per cent to fund our expansion plans that include tapping job seekers in the unorganised sector. E-commerce companies have brought in efficiencies in the supply chain but they depend on the largely unorganised delivery mechanism at the bottom end of the spectrum.”