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50 hot startups 2017

Recruiter exchange CBREX raises $1.1 million

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The company will appoint resellers, senior salesepeople and senior management in the US and other international markets. Europe, Japan, Southeast Asia along with India – in that order – are the other major markets for the company.
NEW DELHI: CBREX, a startup which connects companies to recruitment agents, has raised $1.1 million as equity funding, from Indian high net worth investors.

The Bengaluru-based company’s chief executive and cofounder Gautam Sinha said the money would be used to expand sales in the US, which is the leading market for CBREX. The company will appoint resellers, senior salesepeople and senior management in the US and other international markets. Europe, Japan, Southeast Asia along with India – in that order – are the other major markets for the company.

“The idea is to build a global recruiter exchange. Employer and agency need not be co-located,” said Sinha. This meant that an agency in Mexico, for instance, could cater to a company in Spain as both speak Spanish.

Sinha said that machine learning was used to make a connection between agencies and companies looking for talent. CBREX caters to both companies and temporary staffing firms, although the former makes up the bulk of clientele.

Sinha said he had placed candidates in 17 countries so far, and had 5000 recruiters (agents) on board the platform.
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