Naukri job portal promoter Info Edge India Ltd has recently announced the acquisition of iimjobs.com, recruiting platform.
"Info Edge Limited has entered into an agreement to acquire 100% ownership of Highorbit Careers Pvt. Ltd (hereinafter “iimjobs") for a cash consideration of Rs. 80.82 Cr," the listed company said.
Highorbit Careers is the owner of online job portals iimjobs.com and hirist.com.
Nine-year old iimjobs.com was founded by Tarun Matta, an IIT-IIM alum, to cater to job needs of those who have graduated from premier institutes. With 23,000 job postings and 1.8 million job applications every month, iimjobs.com and hirist.com have grown rapidly.
“iimjobs has managed to carve a niche for itself and has built a great brand in the premium jobseeker community. Its value proposition strongly complements Naukri’s proposition to its customers. Given our massive customer base in Naukri, together we are confident of taking this business to the next level," said Hitesh Oberoi, Co-Promoter, and managing director of Info Edge.
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