Chinese part-time jobs platform gets $40m Series C round

Existing backers Banyan Capital and Blue Lake Capital also participated, according to 36kr. The company raised its Series A round in November 2015, around the time it formerly separated from US-listed Chinese classifieds site 58.com.

Doumi offers an end-to-end service to companies seeking part-time staff, advertising positions through its mobile app, supervising appointments, and ensuring payroll settlement. There is also an instant messaging system through which employers can communicate directly with prospective workers. The company charges a fee to recruiters for these services. Clients include Yum Brands, McDonald's, Ele.me, Haidilao Hotpot, Starbucks, Adidas and Uniqlo.

Shiyong Zhao, Doumi's CEO, said there are now more than 10 million monthly users on the platform and the company has worked with over 500,000 clients since inception. Average monthly transaction value is around RMB100 million ($14.8 million). Doumi offers its services online as well as through support teams in 23 cities.

The new capital will go towards expanding market share, product development and recruiting additional staff.

Several Chinese recruitment apps have received VC funding. Most recently, Boss Zhipin raised $28 million in Series C funding from investors including Banyan, while in August HunterOn secured a RMB200 million in Series C round led by UOB Venture Management. US-listed recruitment platform Zhaopin was also subject to a $1.1 billion take-private offer from competing consortiums.

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• Topics
• Greater China
• Support services
• Technology
• Early-stage
• TMT
• China
• Venture
• Tencent
• Baidu
• Hillhouse Capital Management
• Banyan Capital