Udit AgarwalInfo Edge India Limited, the promoter of the job portal Naukri.com, today revealed that it has now acquired the IIMJobs.com.
“Info Edge (India) Limited (NSE: NAUKRI) has entered into an agreement to acquire 100% ownership of Highorbit Careers Pvt. Ltd (hereinafter “iimjobs”) for a cash consideration of Rs. 80.82 Cr,” the listed company said.
Nine-year-old portal iimjobs.com was founded by the IIT Alumni Tarun Mehta, to cater to the job needs of those who have graduated from the premier institutes. With more than 23000 jobs postings and 1.8 Million job applicants every month, iimjobs.com has grown rapidly.
“iimjobs has managed to carve a niche for itself and has built a great brand in the premium job seeker community. Its value proposition strongly complements Naukri’s proposition to its customers. Given our massive customer base in Naukri, together we are confident of taking this business to the next level,” said Hitesh Oberoi, Co-Promoter, and managing director of Info Edge.
Info Edge, a company which has been established with the first dot com boom in the year back around 20 years, is the owner of the Naukri.com, firstnaukri.com, ambitionbox.com, and naukrigulf.com, etc.
Source: Info Edge