Ronnie Screwvala promoted UNILAZER and Vishal Gondal promoted FACT has invested in OnContract.com, for an undisclosed sum.
OnContract.com ( earlier called as StaffOnContract.com) is a contract staffing platform that addresses the growing challenges of getting quality contract staff by providing an organized internet based marketplace to get people on just-in-time and just-for-time basis.
The site was commercially launched in April 2011, has over 5500 registered members (companies) and over 2,000 individuals (willing to work on contract basis). OnContract.com is industry agnostic and categorizes itself based on functional roles; e.g Marketing, Sales, HR, Technology, Engineering, Accounting, Admin etc. Some of the leading industry players like IL&FS, Biocon, Suzlon, Larsen & Tubro Infotech, DTDC, Oberoi Hotels, Kraft Foods, HCL and many others are members of the platform.
OnContract provides access to over 400 categories of skills across industries to help businesses implement their variable staffing strategies effectively. The key business model is where Customers (companies) ‘Give Contracts’ and Contractors (individuals) ‘Win Contracts’. Currently the platform enables B2B and B2C collaboration with a plan to address C2B and C2C models in the near future. This funding is expected to be largely used for technology up gradation.