Online Employee referral site – Whistle Talk has raised $400000 (R2 Cr) from Hyderabad Angels, according to Firstpost.com.
WhistleTalk is a social hiring application that enables employees and hiring managers to quickly find the best talent. Users can share job openings in their team, help friends to find their dream job and earn a referral bonus.
It uses social networking sites, such as Facebook, LinkedIn and Google Plus, to facilitate referrals for job openings.
WhistleTalk amplifies the power of referral hiring by leveraging employees' social networks. The company’s matching and virality engine ensures that right opportunities reach the best candidates fast.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.