Coffeee.io aims to revolutionise Global Developer Hiring – Amit Veer, Co-Founder & CEO

CXOToday has engaged in an exclusive interview with Amit Veer, CEO and Founder of Coffeee

Q1. Please share a brief about the journey of Coffeee.io so far.

Coffeee.io is a tech recruitment platform on a mission to become the largest community of pre-screened developers and the single most efficient & effective destination for all companies hiring developers globally. The brand’s rapid growth is attributed to its unique value proposition. Within just ten months of operation, Coffeee has successfully built a thriving community of over 130,000 developers and secured partnerships with more than 100 clients who hire through its platform.

At the core of Coffeee’s offerings is its commitment to leveraging AI technology for hiring purposes. The brand continually strives to enhance its AI-driven capabilities, which include AI-based proctoring, an innovative matching tool powered by artificial intelligence, and a top-notch applicant tracking system. These advanced features enable companies to make hiring decisions within a remarkable 48-hour timeframe, setting Coffeee apart from other tech-recruitment platforms. Looking ahead, Coffeee has set ambitious goals. The brand aims to achieve a remarkable 5X growth in its developer community while facilitating over 1,000 hirings across both India and the global market. By continuously delivering exceptional value to developers and companies alike, Coffeee is poised to solidify its position as a leading force in the tech recruitment industry.

Q2. Share your opinion on the anticipated tech hiring slowdown. Which tech roles do you believe are getting highly affected?

Companies across various sectors, including technology, e-commerce, finance, healthcare, logistics, and traditional industries, are increasingly adopting digitalisation and recognising the importance of technology-driven solutions to stay competitive and adapt to market changes. While multinational corporations and Indian corporates are experiencing a slowdown in developer hiring, startups continue to exhibit strong recruitment activity. Although senior roles are witnessing a decrease in job openings due to cost optimisation measures, hiring for junior and mid-level positions remains robust.

Certain developer skills are in high demand, with notable growth in areas such as Data Science, Python, Java, DevOps, cloud computing, and full-stack development. These skills align with the growing requirements for data analysis, automation, scalability, and digital transformation across various industries. Despite the buoyancy in tech hiring in India, there are persistent challenges in the recruitment process. These challenges include disparities in salary expectations, the need for additional skills, and candidate concerns regarding risk perception.

Q3. Briefly describe India’s current tech recruitment scenario. Which sectors are witnessing aggressive hiring, and which ones have slacked off?

According to the FICCI-Randstad survey, despite the downturn in the tech industry, 80% of start-ups in India are actively seeking to hire in 2023. The driving forces behind this hiring surge are new project orders, increased funding from investors, and expansion strategies. Start-ups in the pre-seed to Series B funding range are particularly focused on recruitment.

The survey reveals that 67% of start-ups are primarily targeting private B-schools, engineering colleges, and state universities for their hiring needs. Surprisingly, only 9% of the surveyed start-ups are recruiting from prestigious institutions such as IITs and IIMs. Industries such as SAAS, Healthcare, Fintech, Agritech, and AI/ML Deeptech are experiencing a significant demand for junior to mid-level developers with 1-5 years of experience, whereas the EdTech industry has slowed down in terms of hiring. In terms of specific tech roles, there is a high demand for professionals with expertise in MERN Stack development, Data Science, Java, Python, data engineering, cloud engineering, and more. These roles are sought after across various industries, reflecting the growing importance of these skills in the current market landscape.

Q4. How important would be the role of tech-recruitment start-ups like Coffeee.io amidst the mass layoffs?

The tech market is highly fragmented, requiring candidates to navigate multiple platforms in search of suitable job opportunities. This process often involves undertaking different assessments for each company, resulting in a significant waste of their productive time. In order to address this issue, Coffeee.io has developed a large marketplace that aims to consolidate hiring requirements from various companies. By implementing a single assessment for qualification, Coffeee.io streamlines the hiring process.

Coffeee.io utilises pre-vetting and algorithmic matching techniques to ensure that only suitable candidates progress through the recruitment process. This approach significantly reduces the likelihood of wrong hiring decisions. Tech-recruitment start-ups like Coffeee.io play a crucial role in the ecosystem by minimising both the cost and time associated with hiring developers through pre-assessment methodologies. Furthermore, by leveraging AI-powered algorithms, these platforms enhance match rates, further improving the efficiency of the recruitment process.

Q5. How many companies/start-ups have hired through Coffeee? Please provide the names of a few prominent companies.

Coffeee has established partnerships with over 100 companies spanning various industries, such as Fintech, Gaming, Edtech, Travel, and Logistics. These collaborations have resulted in successful hiring ventures for both Coffeee and its partner companies. Among the prominent companies that consistently utilise Coffeee’s services for hiring purposes are BharatNXT, Dunzo, Officebanao, GOQii, Kredmint, World Compliance, Gig and Take, Lorien Finance, and Cantik, to name a few. These partnerships demonstrate Coffeee’s ability to cater to a diverse range of industries and provide effective solutions for their hiring needs.

Q6. How Coffeee.io plans to hold its position in upcoming years.

Coffeee’s growth is driven by its fully technology-based hiring solution and pre-assessment facility, which serve as its key strengths. The start-up aims to expand its operations into developed economies, capitalising on the significant growth in remote developer hiring opportunities. To further enhance its value proposition, Coffeee plans to invest in AI technology, improving match rates and delivering time and cost savings for both developers and recruiters.

In addition, Coffeee is actively working towards building a highly engaged community of over 750,000 developers within the next 12 months. This objective will be achieved through the launch of products and services that provide comprehensive support and add value throughout the developer lifecycle. By fostering this vibrant community, Coffeee aims to create a thriving ecosystem that benefits developers and empowers their professional growth.