Naukri.com’s Parent company Info Edge India Ltd, on Tuesday, announced the acquisition of Highorbit Careers Pvt. Ltd owner of online job portals iimjobs.com and hirist.com.
Info Edge (India) Limited has intruded into an agreement to obtain 100% possession of Highorbit Careers Pvt. Ltd for cash compensation of Rs. 80.82 Cr.
Nine-year-old iimjobs.com was established by Tarun Matta, an IIT-IIM alumnus, to provide the career needs of the graduates from premier institutes. With 23,000 job postings and 1.8 million job applications every month, iimjobs.com and hirist.com have grown swiftly.
“iimjobs has succeeded to slice a niche for itself and has established a great mark in the premium job seeker community. Its value statement greatly complements Naukri’s proposition to its clients. With our huge customer base in Naukri, jointly we are confident of making this business to the next level,” said Hitesh Oberoi, Co-Promoter, and managing director of Info Edge.
Info Edge, an organisation founded during first dot com inflation in India 20 years back, is the proprietor of recruitment platforms including naukri.com, naukrigulf.com, firstnaukri.com, ambitionbox etc. Its flagship brand, Naukri has 69 million enrolled job seekers and insists it has at least 475,000 active jobs open at its platform. Naukri also offers recruitment support to over 76,000 corporate clients.
“Uniting teams with Info Edge provides us with a chance to leverage their resources and expedite our journey. The partnership gives us the resources to create excellent outcomes, assist our clients completely, and take our products to more customers,” said Tarun Matta, founder of iimjobs.