Quikr acquires Hiree.com as part of Quikr vertical drive for White Collar jobs

Admin New
By Admin New July 27, 2016 10:27

Hiree to merge with Quikr

After buying companies like the common floor, Indian Realty Exchange (IRX), A N Virtual Tech and salosa now  Quikr acquires Hiree.com too. The e classified giant has obtained Bengaluru-based Hiree for an undisclosed amount. Quikr was performing consolidations from the beginning of the year to strengthen the multiple sectors of the company. Quikr is an online classified advertising company. The various divisions in the list of Quikr are mobiles, jobs, homes, cars jobs services, real estate and much more. Quikr has job listing in more than 1000 cities. Now Hiree.com will be merging with Quikr jobs soon.

About Hiree

Hiree.com was founded by Manjunath Talwar & Abhijit Khasnis in the year 2014. It is an online hiring platform. The founders of Hiree are ex-Yahoo employees who started the firm by the name of my notice period. Later in the name was changed to Hiree.com in the year 2015. The company was started with an aim to reduce the lead time for recruiters, by creating a data base for readily available candidates.  Now the Hiree team along with the founders will be merging with Quikr counterparts. The company faced a layoff in the month of February and April, due to fall in recruitments by start-ups.

Online classified advertising company Quikr

Quikr is facing competition from the other online classified giants like olx, sulekha, 99acres.com and many  more hence Quikr vertical drive is launched to focus on five key business segments jobs, automobiles, real estate, services and customer to customer sales.

“We have created a successful business model and it’s now time to level up,” founder and chief executive at Quikr,  Pranay Chulet mentioned.

Quikr and Hiree statistics

By this merger, Quikr will now have about 4 million active users seeking recruitment in the country. Quikr missed call service was launched in October 2015 through which ten lakhs profiles were created. Hiree received about 20 crore funds from the investors IDG Ventures and an angel investors. Quikr is backed by Tiger Global Management, Kinnevik, Warburg Pincus, Matrix Partners India, Norwest Venture Partners, Nokia Growth Partners, Steadview Capital, Omidyar Network, and Ebay Inc.

“Joining forces with Quikr allows us to double up our focus on innovating in the recruitment space for both jobseekers and our customers. Our customers will now gain from the benefits of Hiree’s technology and massive scale of Quikr in parallel,” Talwar and Khasnis said in a statement.

Now the market for Quikr will be doubled. A large number of job seekers profiles will be made available for the recruiters worldwide. With the already available job listings and the current addition of Hiree, profiles will make the company stronger to withstand the competition from the other online classified advertising companies.

Admin New
By Admin New July 27, 2016 10:27
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