Indian HR tech startup Jobizo raises $1.4m pre-series A
Jobizo, a healthcare-focused HR technology platform, has raised 12 crore rupees (US$1.44 million) in a pre-series A funding round.
The investment was led by Inflection Point Ventures (IPV) and Alkemi Ventures.
The Gurugram-based company plans to use the funds to improve its technology, expand marketing efforts, grow its team, and support working capital needs.
Co-founded by Avishek Agarwal and Naveen Trehan, Jobizo seeks to address staffing challenges in the healthcare sector.
Launched in December 2021, Jobizo connects healthcare institutions with pre-verified professionals for temporary and permanent positions.
Jobizo also operates internationally, providing recruitment services in 41 countries, including the UAE, South Africa, Kenya, and Nepal.
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Jobizo’s business model aligns with a significant structural shift in healthcare employment that’s happening worldwide, not just in India.
The travel nurse segment alone accounted for 31.3% of the global healthcare staffing market in 2022, showing how temporary staffing has become mainstream rather than supplementary 1.
This shift is financially significant. Temporary healthcare professionals command substantial premiums, with travel nurses in the U.S. earning $90,000-$100,000 compared to $50,000-$60,000 for full-time roles 2.
The locum tenens (temporary physician) market is similarly robust, with over 90% of U.S. medical facilities utilizing these professionals and approximately 52,000 physicians working in this capacity as of 2019 3, 2.
Jobizo’s 18,500+ temporary placements demonstrate they’ve successfully tapped into this global trend toward flexible healthcare employment models that benefit both institutions and professionals.
Healthcare staffing faces unique challenges around verification and quality assurance that general recruitment platforms can’t adequately address.
The industry has historically struggled with slow credentialing processes and verification delays that create bottlenecks in hiring, which is especially problematic given the projected shortage of up to 64,000 physicians in the U.S. alone by 2025 4.
Jobizo’s focus on pre-verification of its 60,000+ healthcare professionals directly addresses one of the industry’s most persistent pain points, particularly important in healthcare where credential verification is not just administrative but has patient safety implications.
This approach aligns with the strategy of leading global healthcare staffing firms that are increasingly investing in technology to streamline verification. For instance, 70% of healthcare executives plan to invest in technology platforms for improved operational efficiency 5.
The emphasis on verified talent positions Jobizo differently from general job marketplaces, making it more comparable to specialized healthcare staffing agencies like AMN Healthcare and CHG Healthcare that dominate the US$36.9 billion global market 1, 6.
Jobizo’s expansion into international placements (1,000+ placements across 41+ countries) highlights a growing trend of cross-border healthcare staffing solutions originating from India.
This international expansion comes at a critical time when the global healthcare staffing market is projected to reach $62.8 billion by 2030, representing a CAGR of 6.93% from 2023 1.
The aging global population is a significant driver of this growth, with projections showing an 80% increase in adults aged 65 and older by 2030 in the U.S. alone, creating sustained demand for healthcare professionals across borders 2.
Particularly notable is Jobizo’s focus on countries like the UAE, South Africa, Kenya, and Nepal, representing diverse healthcare systems with varying needs and regulatory environments.
The platform’s ability to navigate these international placement challenges positions it uniquely among Indian startups, especially as global healthcare organizations increasingly look to technology-enabled solutions to address persistent staffing shortages.
……Read full article on Tech in Asia
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