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Siddhartha Goyal co-founded Assured Labor raises $1 Million
By siliconindia
New York: Assured Labor, a web and mobile marketplace for jobs built for emerging markets, has raised $1 million in seed funding. The funding for Assured Labor comes from the notable investors which includes: Nexus Venture Partners, Kima Ventures, Michael Van Swaaij (Former CEO and Chairman of Skype), and Fabrice Grinda (CEO of OLX.com) amongst others.
According to the company, the funding will enable Assured Labor to expand its Latin American offering, EmpleoListo and to enhance its disruptive recruitment technology. Founded at the MIT MediaLab by Siddhartha Goyal who is also the Chief Technology Officer and David Reich, the CEO, in 2007, Assured Labor claims that it has promoted employment through efficient and transparent marketplaces in multiple geographie. The company launched its pilot in Central America in 2009 in partnership with the region's largest wireless carrier.
Assured Labor leverages the power of text messaging and the Internet to connect employers with mid-to-low wage workers. This service is optimized for the way that candidates in emerging markets really find jobs, as 67 percent of Internet users do not have a computer at home. Job seekers who register with Assured Labor can connect with hundreds of employers, and receive interview requests via text message, while companies that suffer from high worker turnover can shorten their recruitment process from weeks to hours. Filling positions sooner enhances companies' productivity, and grants workers additional opportunities to earn income.
"Through Assured Labor, job seekers around the world will be able to leverage their mobile phones to connect with job opportunities," said Reich CEO and Co-founder of Assured Labor. "Traditional job boards have only impacted the tip of the iceberg. Assured Labor's cost effective platform enables employers in emerging markets to leverage the ubiquity of mobile phones to hire better workers faster than ever before. We're thrilled to have brought on a group of investors experienced in building digital marketplaces around the world."
