10 December 2019

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Helping Recruiters Organise and Simplify Their Recruiting Process

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Dhruv Gupta is the founder of ValueHire, a web based recruitment software that helps recruiters organize and simplify their recruiting process. Find below an extract of an interview with Dhruv.

Please tell us something about yourself and your company?
I’ve worked in IT for over a decade (mostly outside of India) and moved back to Delhi / NCR in 2010. During the initial phase of my job search I didn’t get much response from companies that I wanted to work in. I was not lacking qualifications or experience, but I realized that given the large number of candidates that apply for a job, I was ‘lost in the pile’. Furthermore, some recruiters didn’t read my resume or they didn’t understand it fully… so I was not given a chance to prove myself.

There are estimated to be around 50K recruitment agencies in India, out of which over 90% still use Excel sheets and shared folders to manage and track their clients and candidates. Majority of the
recruitment software in the market is desktop based, which involves investments in IT hardware, software, and maintenance. I’ve always wanted to do something of my own, so I thought perhaps I
could do something to help recruiters improve their processes so that there is more objectivity and standardization in the recruitment process. I chose to build a product on the cloud as that would provide ease of use and the lowest costs to our customers, among several other benefits.

How did you start off as an entrepreneur?
I’ve been keen to do my own thing for several years but never figured out what it was. When I came across this opportunity I decided to take the plunge… as the saying goes there is never a better time to do it other than ‘now’. I spent the first few months in prototyping possible products, meeting lots of people, attending startup-related events and reading about startups / cloud / recruitment.

What are your primary reasons for being an entrepreneur?
To make a difference by creating something that will help other people’s lives. It also gives me an opportunity to be creative and stretch my limits.

Tell us more about your company, what is the mission of this company and what do you aspire to achieve out of it?
The mission is basically to help recruiters move from a manual, tedious process to an easy to use web- based automated system. This also helps them standardize their activities and processes, and enables them to better focus on their core competencies.

We are dealing with a large, unorganized sector where the entry barriers are quite low. Our goal is to help organize this sector (as much as possible) in India and other developing economies.

When was the company started?
The idea was conceptualized at the end of 2010 and the company was registered in early 2011.

Are you looking to raise capital? If yes, how much?

We are strongly focused on product / team development and in generating revenues, rather than rushing to raise capital (which can be very time consuming). But we will consider our options as and
when they come up.

What are your future plans for company?
We want to focus on the Indian market first and then look at other markets if there is demand. We are not the first or the last recruitment product company out there and we need to stay ahead of our competition by innovating and listening to our customers. In the next few years I hope to see more awareness of cloud computing and clearer trends on social media / mobile recruitment.

What have been your key learning since starting your business?
Stay focused yet flexible, understand your customers, iterate frequently, and have fun in the process.

Is there anything you regret?
Not really…it’s been an interesting journey so far and I’m sure the best is yet to come.

What have been your biggest mistakes so far?
Initially we did not have the right team at the right time, so that slowed us down a little bit. But we learned from that and found some good people to work with us. Also, no matter how much market
research you do, it’s never enough. So some of the ideas / features we thought were important turned out to be not so important after we had spent some time on them.

What advice would you give a young entrepreneur just starting-off in business? What to do and what not to do?
Validate your ideas with potential customers and try to find people who believe in your vision to work together with you as early as possible. Also, read a lot and attend many startup events – the value of networking and learning from other entrepreneurs is invaluable.

Who is your role model?
No one in particular (as of now). I read several start up related blogs and try to act upon advice wherever I can. I believe every entrepreneur goes through their own unique journey and you need to define your own path.


Last Updated ( Sunday, 01 April 2012 21:54 )  

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