iRecruit, a digital platform designed to streamline hiring by connecting job seekers and employers, appeared on Shark Tank but failed to secure a deal.
Despite initial interest, the company struggled to gain traction and closed its doors shortly after. Without major investments or crowdfunding successes, iRecruit was unable to scale or expand its user base effectively.
The business ultimately went out of business with a net worth that plateaued due to its limited growth. iRecruit’s short-lived journey highlights the challenges tech startups often face in gaining sufficient market presence without adequate funding and investor backing.
iRecruit Net Worth
| Estimated Net worth | $9 million (2017) Business Valuatuon |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investor | None |
| Founder | Aleksandar Svetski |
| Employees | 11-50 employees |
iRecruit Pitch on Shark Tank
| Company name | iRecruit |
| Product | Technology that ranks resumes to find best suit job applicant |
| Episode | Season 03 Episode 01 |
| Founder | Aleksandar Svetski |
| Asked for | $200,000 for 2.2% Stake |
| Final deal | No Deal |
| Sharks | No Sharks |
| Location | Brisbane, Queensland, Australia |
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iRecruit Founder
iRecruit was founded by Aleksandar Svetski in 2015. He’s 36 years old and has found the most effective behavior models from the last 100 years. He took the best parts from each and made the process engaging by turning it into software. iRecruit’s founder, Aleksandar Svetski’s net worth is unknown as the business is no longer active.
Key accomplishments
| Year | Accomplishment |
| 2015 | iRecruit Australia PTY LTD secured $100,000 in seed funding from investors, including Aleksandar Svetski and two others. |
| 2017 | The company appeared on Shark Tank Australia Season 03. |
Conclusion
Some companies that appear on the show have not achieved great success, and the iRecruit was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, iRecruit went out of business in 2018. And the product is no longer available in the market.