Venture capital firm Accel Partners has launched a centralised job portal AccelJobs.in, to meet the hiring requirements of the companies in which it has invested. Although it is not uncommon for private investors, including venture capital and private equity firms, to get involved in the recruitment process of the top management in the companies they have invested in, this is a rare initiative, straddling all levels of employee hiring for portfolio companies.
Given that Accel is one of the most active investors in the Indian Internet space (more on that here), one would expect the portal to be pretty active with new job openings. As of now, we could spot jobs with as many as 18 companies in which Accel has invested, including Flipkart, Myntra, Mobstac, Freshdesk, PropTiger and Kaati Zone, among others.
Speaking on the development, Subrata Mitra from Accel Partners said, "I often meet mid-to-senior-level executives who are looking to join exciting startups but don't have a direct way of connecting with the startup ecosystem. Likewise, a number of startups are looking to bring on high quality talents to take them to the next level. AccelJobs.in is aimed at addressing this gap."
According to the official release, the job portal will be also linking up with social networking sites and several startup forums/groups.
Accel has more than 40 companies in its portfolio across areas as diverse as Internet, mobile, Cloud/SaaS, healthcare and education. In India, it has made investments in companies such as Babyoye, Cnergyis, enStage, Deeksha (Ace), Exclusively.in, Flipkart, Forus, Freshdesk, HealthcareMagic, Kaati Zone, Letsbuy, MuSigma, Myntra, Perfint, QwikCilver, Sconce, Vinculum and Virident.
Net-net, Accel has created a centralised recruitment space for its portfolio companies â€“ an additional channel through which future employees can access job openings in those firms. For the portfolio companies, too, this would be a complimentary route through which they can advertise for the jobs besides their existing job ads in more popular and established job portals.
We noticed that the login section for AccelJobs syncs with LinkedIn besides the direct sign-up process. While syncing with LinkedIn is logical, isn't Facebook login also standard today, that too with Accel as an investor in Facebook! What do you think?
(Edited by Sanghamitra Mandal)