HR-tech player Erekrut raises $433-k

Delhi-based online recruitment solution provider Erekrut has raised pre-seed funding of USD 433,300 from Delhi-based angel investor Rajesh Gupta and from promoters. Erekrut plans to use the fresh funds for product development, company expansion, and for promoting intellectual capital. Founded by Ravinder Goyal and Ajay Goyal, Erekrut enables the establishment of a two-way channel of communication between recruiters and institutions to plan their needs by sharing their demands in real time. Incubated with Amity Technology Incubator, it plans to raise USD 1.5-2 million in the next round.