What we're building together
Vingo is building India's next generation C2C commerce platform — and needs a team to match that ambition. HireVed is stepping in not as a recruitment vendor, but as Vingo's complete outsourced HR department for the first six months of its growth.
This means everything an internal HR team would own — sourcing, hiring, onboarding, payroll, compliance, background checks, documentation — is handled entirely by HireVed. The founding team gets to focus on the product. The people pipeline runs in parallel without demanding their attention.
We're not just filling roles. We're setting up the HR infrastructure Vingo will run on as it scales — from the first hire to the twelfth and beyond.
The structure of our engagement
Simple and transparent — a monthly retainer covering all HR operations, plus a placement fee on every full-time hire we make for Vingo.
| Monthly Retainer | ₹65,000 per month |
| Placement Fee | 4% of first-year CTC per full-time hire |
| Mandate Type | Exclusive — all Vingo hiring managed by HireVed for contract duration |
| Contract Duration | 6 months, renewable |
| Intern Hiring | Fully included in the monthly retainer — no additional fee |
| On-Site Presence | Weekly visits to Vingo's Bangalore office |
| Retainer Billing | Monthly, in advance |
| Placement Billing | On offer acceptance — due within 15 days of candidate joining |
| Engagement Review | At 3-month mark, and at renewal |
| Replacement Guarantee | Free replacement within 90 days of joining — no questions asked |
Everything we own
The monthly retainer covers the complete HR lifecycle. Nothing below carries an additional charge outside of the placement fee on full-time hires.
We work where you work
HireVed isn't a remote vendor you email once a week. We show up.
How this works in practice
The engagement is exclusive for its duration — meaning all hiring at Vingo runs through HireVed. This isn't a restriction; it's what makes the model work.
This is a 6-month engagement. At the end of it, Vingo has a functioning HR setup, a team in place, and the infrastructure to run HR internally if they choose — or to renew with HireVed.
Why this makes financial sense
At this stage, building an internal HR team is expensive, slow, and carries real risk. Here's an honest look at what that would actually cost Vingo versus partnering with HireVed.
| Line Item | In-House HR | HireVed |
|---|---|---|
| Staffing | — | — |
| HR Manager salary (mid-level, Bangalore) | ₹80,000/mo | Included |
| Recruiter / TA specialist salary | ₹50,000/mo | Included |
| PF, ESIC & statutory contributions (~12%) | ₹15,600/mo | — |
| Gratuity & leave encashment accrual | ₹7,700/mo | — |
| Staffing subtotal | ₹1,53,300 | ₹65,000 |
| Tools & Platforms | — | — |
| ATS / recruitment software | ₹8,000/mo | Included |
| Job boards & sourcing platforms | ₹15,000/mo | Included |
| Payroll & HRMS software | ₹5,000/mo | Included |
| BGV platform subscription | ₹4,000/mo | Included |
| Tools subtotal | ₹32,000 | — |
| Overhead & Admin | — | — |
| Office space & desk allocation | ₹12,000/mo | — |
| HR team onboarding & training | ₹15,000 one-time | — |
| Attrition / notice period risk on HR staff | 1–3 month gap risk | No risk |
| Overhead subtotal | ₹27,000/mo | — |
| Placement Fees | — | — |
| External consultant / agency (if needed) | ₹60k–1.2L/hire | 4% of CTC |
| Intern hiring | Charged separately | Included in retainer |
| Total Fixed Monthly Cost | ~₹2,12,300 | ₹65,000 |
₹8,83,800 saved over 6 months
The difference in fixed HR costs between building an internal team and partnering with HireVed — before factoring in the time, risk, and overhead of managing your own HR staff at this stage.
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If it doesn't work out,
we make it right.
Every hire HireVed makes for Vingo is backed by a 90-day free replacement guarantee. No questions asked, no additional fees, no friction.
Ready to begin
We can begin onboarding within the same week of agreement — setting up systems, initiating active sourcing, and scheduling the first on-site visit. We look forward to building Vingo's team together.