Recently, Info Edge (India) Ltd. which backs Naukri.com to Zomato Ltd has acquired HR technology startup DoSelect for INR 21 crore.
The Company states, “The acquisition will further strengthen Info Edge as a leader in the recruitment sector with a sharp focus on tech-based, end-to-end hiring solutions.”
Cofounded by Iliyas Shirol and Rohit Agrawal in 2015, DoSelect deploys a valuation platform that empowers data-driven conclusions in hiring, skilling, upskilling, and employee engagement. It has a customer base of over 150 customers across sectors. Some of the notable brands include Capgemini, Fractal Analytics, PhonePe, UpGrad, Hexaware, Simplilearn, and DXC. The company sums Mumbai Angels, 3one4 Capital, Aarin Capital, and InMobi’s co-founder Mohit Saxena as among its seed investors. As part of the Info Edge ecosystem, which comprises India’s major jobs database, DoSelect will provide an intelligent decision engine to help firms target relevant applications for various jobs more efficiently.
DoSelect CEO Agarwal, said, “The proposed acquisition would help Info Edge offer a new variety of services under its flagship brand Naukri.com helping the company to further consolidate its position in the online recruitment solutions segment where Naukri.com already enjoys an established leadership position. We will continue to fortify our product offering in addition to bringing in better leverage with the Info Edge ecosystem and deeper integration with their services. DoSelect will run as a business unit of Info Edge.”
HR technology, as a zone, has been ahead of adhesion among investors in recent times with companies such as Multiplier, Sense, Apna, and Protonn having elevated investment.