Facebook based SaaS hiring platform MyParichay sees 100% Bookings Growth Qtr over Qtr

Growth Accelerated by Launch of Talent Social ReTargeting – India’s  First Social Retargeting solution for hiring through mobile

Bangalore (July 14, 2014)— MyParichay today announces a record-setting quarter with a 211% sequential increase in bookings from the first quarter of 2014 and current 800% year-over-year same quarter revenue growth. MyParichay closed 25 customers, since its product launch a year ago, including American Express, HCL , EY, IBM, Aviva, Infosys BPO, Genpact, EXL, 24X7 BPO, HDFC Bank, ICICI Prudential

With its tremendous growth, MyParichay is demonstrating the appetite of employers to tap into the + 70 million talent pool active on Facebook and typically not accessible thru LinkedIn or job boards.

With  MyParichay’s Talent Social Retargeting technology recruiters can retarget on Facebook and mobile  active and passive candidate lists from Naukri, Shine, Monster or Timesjob or from ATS like Hirecraft, Taleo, Kenexa.  MyParichay’s powerful technology and Boolean search allows recruiters to search thru the Facebook network of qualified applicants on skills, locations, experience, employer for more qualified passive candidates

Leading companies have benchmarked their traditional hiring methods with MyParichay’s tool  and in all cases have found MyParichay product suite deliver 3-5X more efficiency in terms of resumes processed per hire   or quality in terms of retention and offer to start ratios.

“Today, MyParichay platform has helped us reduce the cost per hire and has helped us fill positions faster than any other tool or agency,” says Kumar Nachiketa, AVP, HR, Deloitte India.  “

“Our strategy of expanding the universe of candidates targetable and available to a company — by aggregating them from Facebook, various professional social platform and job boards  — on a single platform, allowing them to be contacted via email, Facebook ads, on their mobile device or Facebook, directly or via friends and providing analytics to measure  ROI  across hiring channels continues to appeal to clients looking beyond job boards.,” said Ranjan Sinha, CEO, MyParichay