California-based Collegefeed Inc., which owns and operates personal career assistant for college students Collegefeed.com, has secured $1.8 million in seed funding from Accel Partners' Dinesh Katiyar and a few US-based angel investors, including Mark Stevens, founder, S-Cubed Capital. The company will use the money to expand its team and employer network as well as to enhance its backend services, said Collegefeed CEO Sanjeev Agarwal.
Incorporated in January 2013 by Indian origin entrepreneurs Agarwal and Aman Khanna (co-founder and chief programming officer), Collegefeed is a personal career assistant that helps students and new graduates secure employment using its free online platform. Job seekers can create their profile on the platform and Collegefeed will connect them with various employers, who are registered with the platform to find candidates for entry level positions.
The firm claims that thousands of graduates, employers and universities have already registered with it since the platform went live in May. The platform is free for students, but it charges a base platform access and branding fee from employers, and agency service fee for hires made through Collegefeed. Currently focused on the US, the company is also looking to expand to India and other markets in the coming months. "We will be announcing some of our new tools for students and employers in the international markets in September-October this year," Agarwal said.
Prior to setting up Collegefeed, Agarwal did marketing for Google. Earlier, he was CEO of Aloqa (acquired by Motorola), a mobile platform. He had previously worked with Tellme Networks (acquired by Microsoft). He holds BS and MS degrees in Electrical Engineering and Computer Science from MIT. His partner Khanna holds a master's degree in IT from Carnegie Mellon University and a Graduate Business degree from Stanford University. He has earlier worked with Microsoft and Geodesic.
(Edited by Joby Puthuparampil Johnson)