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REFFERA
Pitch deck
Reffera is a date driven employee
referral platform
Problem
India is home to 1.2Billion population and has one of the largest numbers of employees in the world but few
number of employers
It can be a headache for the HR department to see all the resumes and should identify the employees based
only the resumes There is a significant probability not to see the best candidate
The money spend on HR and hiring procedures are already huge and the time was taken and the procedures
for hiring is a lot
No incentives are offered to the employees, which makes them more committed and innovative
The startups don’t necessarily have the money to do conventional hiring process; Referring helps them to acquire
better talents with less money
In Startup places like Israel and USA,a large percentage of hiring is done through referral, that kind of
practice is not done in India
Solution
India has the 2nd largest number of mobile and internet users; it has the large number of internet users added
per month, Internet provides the greatest pool of smart people and can be used to find out the potential
employees
Incentives given to the employees makes them more enthusiastic and more committed to the company,
making them earn more money, more efficient and more productive
The hiring process will become easy as more and more people are participating in the hiring process
The amount of money spend on conventional recruitment can be efficiently redistributed to the employees to
hire the best person for the job, making the hiring process more efficient
The Startups can grow faster with the new hires they hire
The employees get more attached to the company and their knowledge about the company increases
Why now?
Talents exists other than the prestigious institutions in the country, the country with the 17% of
the world's brains have a lot of smart people
As the country is moving fast with more and more generation of startups, it can be estimated
that the startup flame that now started will not extinguish in the near future
If the hiring procedures can be effectively done by a software and by rewarding the
employees, now is the best time to start as large number of small and medium scale
companies are added every year
Nonconventional hiring process is not accessible in India
India is seen as a sweet spot among investment banks and other rating agencies
Market Size
India has the largest number of engineers in the world
Around 5 million engineering students in the country
The IT industry accounts for 5 percent of India's GDP
The number of IT companies crosses 50000
The number of startups registered in the country annually passes 10,000
Competition
There are a few companies based on our same ideas, and they
operates on location basis
No company having the similar idea exist globally,they operates
on a geographic basis and doesn’t offer competition
There are 2 companies RoundOne and ReferHire are two
companies that operates in India,they are not widely famous.
Product
Online referral platform
Job portal
Connects Employers, Employees and Job seekers
A additional source of income for employees
Messaging platform for employees and Job seekers
Personal profile creation
Revenue Model
A pay-per-use model can be used in the later stages to
gain large revenues
Commissions can be obtained from each referral
Data obtained from the platform can be processed as
new information
The Team
Vinayak V Nair
CEO
Sanjana Sanjeev
COO
Abhijith
VP
Tony davis
CTO