Vasitum

AI-Powered Recruitment Automation Platform

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Security Type
Common Stock
Categories
Technology
Min Investment
$249
Location
Jersey City, NJ
Offering Date
October 04, 2022
Expected Close Date
December 28, 2022
Target Raise
$10.00K-$1.23M
No. Investors
7
Security Price
$1.10
Valuation
$11,000,000
Website
vasitum.com
Number of Employees
21
Cash
$3,655
Revenue
$48,950
Short Term Debt
$658,690
Cost of Goods
$0
Long Term Debt
$225,000
Net Income
$8,162

Company Description

At Vasitum, we are on a mission to make hiring a lot more efficient for recruiters and bring transparency for job seekers. Armed with artificial intelligence and machine learning, we've developed and launched our platform to simplify and automate end-to end-recruitment lifecycle.

Perks

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$248+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.




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Super Early Bird Bonus
Invest $248+ within the first week and 15% bonus shares




6
days

9
hours

38
mins

54
secs





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$5,000+ Investment
Tier 1
Invest $5,000+ and receive 5% bonus shares


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$10,000+ Investment
Tier 2
Invest $10,000+ and receive 10% bonus shares


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$15,000+ Investment
Tier 3
Invest $15,000+ and receive 15% bonus shares


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$20,000+ Investment
Tier 4
Invest $20,000+ and receive 20% bonus shares

Key Deal Facts

We believe that Vasitum is the only end-to-end recruitment automation platform which has potential of making recruiters 300% more efficient. With the use of Vasitum, recruiters can source candidates, screen candidates, run assessments, schedule interviews, collect and validate documents, run background checks and make offers. Everything is under one platform with the flavour of automation. Vasitum helps, hire faster, reduces the cost per hire, and improves the quality of hire.

The Global Recruitment Market is anticipated to flourish at a CAGR of 8.11% during the forecast period i.e., 2022-2027 (source), and despite being such a large market, we think it still lacks technological disruption.

Vasitum's founder is a serial entrepreneur with over two decades of experience in setting up and growing businesses in India and USA. He has been solving recruitment problems for large global companies like: Microsoft, IBM, American Express, Accenture, TCS, and many more. His global experience and learnings have inspired him to solve the global recruitment challenges.

Management Team / Advisory Board Bios

Vikas Wadhawan



Director


Vikas Wadhawan, Group CFO of REA India (Owns Housing.com, PropTiger.com, and Makaan.com). Vikas is a Chartered Accountant (India) and Certified Public Accountant (USA) additionally, he is also a Certified Business Valuer from the Institute of Chartered Accountants of India. Vikas has extensive experience in Mergers & Acquisitions, Business Partnering, Fundraise, Capital Structuring & Investor Relations. He is an innovative results driven leader in the digital industry and has a sharp strategic vision and simultaneously embraces the financial and commercial elements of running a business.

















Priyanka Choudhary



Director


Priyanka is a management professional with 13 years of experience in talent acquisition, overall business strategy, client partnership and incubation of new businesses. She has been providing consultative talent acquisition solutions for clients which include global capability centres, fortune 500 firms, start-ups across domains. She has hands on global recruitment experience with a strong knowledge on local markets nuances – India, Europe, US with exposure to cross technology, cross domain recruitments.
Amount Raised : $47,908
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Security Description

Common stock is a security that represents ownership in a corporation.

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