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Home » Quikr Bolsters Jobs Vertical With Latest Acquisition

Quikr Bolsters Jobs Vertical With Latest Acquisition

27 July 2016
Anna Game-Lopata
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Pranay Chulet
Quikr founder and CEO Pranay Chulet. Image credit: thehindubusinessline.com

Leading classifieds platform Quikr has acquired recruitment startup Hiree to strengthen its offer across the entire spectrum of job categories from entry-level, to blue, grey and while collar roles across India.

The eBay-backed company will merge Hiree with its jobs vertical QuikrJobs and the new entity will operate out of Quikr's headquarters in Bangalore.

With the addition of Hiree, which boasts some of the world's largest IT companies among its clients, QuikrJobs will preside over a platform connecting over 4 million active candidates with recruiters across the country.

Hiree, which describes itself as a hiring platform with 'smart matching algorithms', offers real-time alerts, a private messaging system and dedicated Android app for recruiters. It recently launched a walk-in management system and has a notable way of posting resumes as videos.

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 founder and CEO Pranay Chulet says  QuikrJobs was launched with an aim of bridging 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," Chulet says.

"Speed is in our DNA and Hiree’s offerings are aimed at shortening recruitment cycle times is a great match with that.”

For IDG Ventures India-backed Hiree, joining forces with Quikr allows the business to focus on innovating in the recruitment space for both job seekers and customers.

“Our customers will now gain the benefits of Hiree’s technology and the massive scale of Quikr in parallel," the company's founders Manjunath Talwar and Abhijit Khasnis say.

Quikr has made several acquisitions over the last 12 months including Realty Exchange (IRX), realtycompass and CommonFloor.

It also made a strategic investment in AN Virtual Tech, while QuikrServices acquired beauty services company Salosa and  launched its own beauty services brand AtHomeDiva.

Quikr was founded in 2008 and claims over 30 million unique users a month. It has a presence i n 1,000 cities in India and operates several large classifieds businesses across C2C including cars, education, homes, jobs and services.

Investors include Tiger Global Management, Kinnevik, Warburg Pincus, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Steadview Capital, Omidyar Network and Ebay Inc.

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