Hiring platform Fountain raises additional USD 100 mn in funding, forays into India

Hiring platform Fountain raises additional USD 100 mn in funding, forays into India

Fountain is currently in the process of setting up a remote-first Centre of Excellence (CoE) in India with various functions, such as R&D, support and operations, sales and marketing.

PTIUpdated: Thursday, October 27, 2022, 08:34 PM IST
article-image
Hiring platform Fountain raises additional USD 100 mn in funding, forays into India | Fountain

Hiring platform Fountain on Thursday said it has raised USD 100 million (about Rs 820 crore) in funding led by B Capital Group.

The company also announced that it has forayed into the Indian market.

The funding round was also joined by SoftBank, Mirae Asset Venture Investment, DCM, Origin Ventures, Commerce Ventures, SemperVirens Venture Capital, Uncork Capital and others, Fountain said in a statement.

Fountain is currently in the process of setting up a remote-first Centre of Excellence (CoE) in India with various functions, such as R&D, support and operations, sales and marketing.

The CoE will also support Fountain's efforts across the country and make it more feasible to scale in real time.

"We are determined to support the Indian market for blue and grey-collar work. We will cater to leading companies and meet their needs of high volume hiring by not only enabling the enterprises to locate the right individuals for seamless recruiting but also helping candidates apply from their phones at any time and from any location," Fountain India head and VP of Engineering OmPrakash Muppirala said.

Hiring is a global challenge not only for businesses, but for applicants as well, and Fountain is determined to address it from both angles, company CEO Sean Behr said.

"Finding a job should be easy for anyone, and with this additional funding, Fountain can continue to positively impact the global workforce from end to end," Behr added.

RECENT STORIES

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session

Canva Faces Temporary Outage In India; Users Report Of Issues With Saving and Editing Designs

Canva Faces Temporary Outage In India; Users Report Of Issues With Saving and Editing Designs

Real Estate Company Omaxe Buys 450-Acre Land In Indore To Develop Township At An Investment Of...

Real Estate Company Omaxe Buys 450-Acre Land In Indore To Develop Township At An Investment Of...

Sensex Ends 270 Points Higher On Late Buying, Gains Support From Asian Markets

Sensex Ends 270 Points Higher On Late Buying, Gains Support From Asian Markets