Online classifieds company Quikr today said it has acquired online hiring platform Hiree, focused on white collar jobs with over 2,000 employer partners. for an undisclosed amount.
Hiree will merge with Quikr and the Hiree team, including founders Manjunath Talwar and Abhijit Khasnis, will join Quikr. The combined entity will have more than 4 million active job seekers, Quikr claimed.
“We have created a successful business model 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,”
said Pranay Chulet, founder and chief executive at Quikr, in a statement.
Quikr is an online classified platform used by over 30 Million unique users a month. It is present in 1000 cities in India and operates several large classifieds businesses across C2C, Cars, Education, Homes, Jobs and Services.
The company raised $150 million in its most recent funding round which closed in April 2015, and it has been busy with M&A since then. Earlier this year, it scooped up real estate platform CommonFloor, also backed by Tiger Global, in a notable consolidation deal reportedly worth $200 million, while it has made smaller acquisitions such as Hiree and beauty on-demand provider Salosa.
On the other hand Hiree was founded as myNoticePeriod by Talwar and Khasnis in May 2013 and connected potential jobseekers serving notice periods with prospective employers in an attempt to fast track the recruitment process by enlisting active jobseekers. In May 2015, the company rebranded itself as Hiree and allowed listings by all categories of jobseekers in an attempt to increase its target audience.
“Joining forces with Quikr allows us to double-up our focus on innovating in recruitment space for both job seekers and our customers. Our customers will now gain the benefits of Hiree’s technology and massive scale of Quikr in parallel,”
Hiree Founders Manjunath Talwar and Abhijit Khasnis said.
Earlier in April 2016, Hiree laid off 80% of the workforce. The news came in just two months after the company had laid off 10% of the workforce. After the layoffs in February, the company’s team strength was over 60-70 employees. With the recent firing, company was only left with about 10-15 employees.
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