Continuing its acquisition spree, Quikr on Monday announced the acquisition of Bengaluru-based Hiree, an online hiring platform focused on white-collar jobs, for an undisclosed sum. Hiree, which counts IT companies and India’s leading start-ups as its customers, will be merged with Quikr’s jobs vertical QuikrJobs.
This is the fifth acquisition made by the a cross-category classifieds business in the last two years and the third in 2016. Earlier in January, Quikr had acquired CommonFloor and on-demand in-home beauty services provider Salosa. Last year, it acquired Realty Compass and Realty Exchange under QuikrHomes. Hiree has a headcount of 40 employees, who will now work from Quikr’s campus.
Quikr reported a revenue of R24.78 crore for the year ended March 2015, while its net loss was R446 crore, according to a filing with the Registrar of Companies.
This acquisition helps Quikr to expand its portfolio of services into white-collar jobs. It already has presence in blue-collar and entry-level jobs across India. The acquisition will further strengthen QuikrJobs’ offerings to address recruitment needs for the entire spectrum of job categories across industries.
The combined entity will create a leading recruitment platform that connects over 4 million active candidates with recruiters across the country. The enhanced product portfolio, coupled with Quikr’s pioneering missed call service, will make a larger talent pool available to recruiters for entry-level, blue-collar as well as white-collar lateral hires, Quikr officials said.
“We launched QuikrJobs with an aim to bridge the gap between Bharat and India for the recruitment industry. We have created a successful business model there and it’s now time to level up. Speed is in our DNA and Hiree’s offerings aimed at shortening recruitment cycle times is a great match with that,” Pranay Chulet, founder & CEO of Quikr, said. FE