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Security Type
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Common Stock
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Categories
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Technology
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Min Investment
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$249
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Offering Date
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October 04, 2022
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Expected Close Date
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December 28, 2022
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Target Raise
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$10.00K-$1.23M
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No. Investors
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7
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Security Price
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$1.10
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Valuation
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$11,000,000
- 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.