{"id":2008,"date":"2019-05-31T12:20:21","date_gmt":"2019-05-31T12:20:21","guid":{"rendered":"https:\/\/ejobsitesoftware.com\/blog\/?p=2008"},"modified":"2019-05-31T12:20:30","modified_gmt":"2019-05-31T12:20:30","slug":"info-edge-acquires-iimjobs-for-rs-80-82-cr","status":"publish","type":"post","link":"https:\/\/ejobsitesoftware.com\/blog\/info-edge-acquires-iimjobs-for-rs-80-82-cr\/","title":{"rendered":"Info Edge acquires iimjobs for Rs 80.82 cr"},"content":{"rendered":"\n<p>Info Edge (India) Limited has agreed to acquire 100% ownership of Highorbit Careers Pvt. Ltd (herein after \u201ciimjobs\u201d) for a cash consideration of Rs. 80.82 Cr. Highorbit Careers Pvt. Ltd. is the owner of online job portals iimjobs.com and hirist.com. <\/p>\n\n\n\n<p>iimjobs was founded in 2010 by Tarun Matta, an IIT-IIM alum, to address the job needs of jobseekers graduating from premier institutes. Over the years, iimjobs has built a strong brand among such jobseekers and recruiters looking to hire them. With 23,000 job postings and 1.8 million job applications every month, iimjobs.com and hirist.com are leading recruitment platforms for premium jobseekers in India.<\/p>\n\n\n\n<p>The combination of iimjobs\u2019 brand proposition and Info Edge\u2019s distribution network, will enable Info Edge to better serve its recruiter clients and job seekers by tailoring its services to meet their requirements.<\/p>\n\n\n\n<p>Commenting on the acquisition Hitesh Oberoi, Co-Promoter, MD and CEO, Info Edge said, \u201ciimjobs 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\u2019s proposition to its customers. Given our massive customer base in Naukri, together with Tarun, we are confident of taking this business to the next level over the next few years\u201d.<\/p>\n\n\n\n<p>Read More:<br \/> <a href=\"https:\/\/www.peoplematters.in\/site\/interstitial?return_to=%2Fnews%2Fmergers-acquisitions%2Finfo-edge-acquires-iimjobs-for-rs-8082-cr-21833\">https:\/\/www.peoplematters.in\/site\/interstitial?return_to=%2Fnews%2Fmergers-acquisitions%2Finfo-edge-acquires-iimjobs-for-rs-8082-cr-21833<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Info Edge (India) Limited has agreed to acquire 100% ownership of Highorbit Careers Pvt. Ltd (herein after \u201ciimjobs\u201d) for a cash consideration of Rs. 80.82 Cr. Highorbit Careers Pvt. Ltd. is the owner of online job portals iimjobs.com and hirist.com. iimjobs was founded in 2010 by Tarun Matta, an IIT-IIM alum, to address the job [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[593,594],"class_list":["post-2008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-job-board-news","tag-iimjobs-com","tag-naukri-com"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ejobsitesoftware.com\/blog\/wp-content\/uploads\/2019\/05\/naukri.jpeg?fit=225%2C225&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p4vlXG-wo","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":681,"url":"https:\/\/ejobsitesoftware.com\/blog\/xpatjobs-launches-series-of-recruitment-websites\/","url_meta":{"origin":2008,"position":0},"title":"XPATJobs launches series of recruitment websites","author":"admin","date":"September 7, 2016","format":false,"excerpt":"XPATJobs, the UK\u2019s biggest online careers website for international jobseekers, has today completed the launch of nine recruitment websites focused on the countries overseas candidates search most. Supported by the company\u2019s industry-leading XPATJobs.com site, which sees 100,000 jobs posted each day, the new sites will provide recruiters and hiring managers\u2026","rel":"","context":"In &quot;New Job Sites&quot;","block_context":{"text":"New Job Sites","link":"https:\/\/ejobsitesoftware.com\/blog\/category\/new-job-sites\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":637,"url":"https:\/\/ejobsitesoftware.com\/blog\/hiree-com-job-board-acquired-by-online-classifieds-quikr-com\/","url_meta":{"origin":2008,"position":1},"title":"Hiree.com &#8211; Job Board acquired by online classifieds Quikr.com","author":"admin","date":"July 26, 2016","format":false,"excerpt":"Online classifieds company Quikr.com has acquired Bengaluru based online recruitment platform Hiree.com for an undisclosed amount in an attempt to bolster its job listings business. Following the acquisition, Hiree will merge with Quikr and the Hiree team, including founders Manjunath Talwar and Abhijit Khasnis, will be absorbed into Quikr. Hiree\u2026","rel":"","context":"In &quot;Blog&quot;","block_context":{"text":"Blog","link":"https:\/\/ejobsitesoftware.com\/blog\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1623,"url":"https:\/\/ejobsitesoftware.com\/blog\/new-tech-for-jobseekers-in-2019\/","url_meta":{"origin":2008,"position":2},"title":"New Tech for jobseekers in 2019","author":"admin","date":"December 21, 2018","format":false,"excerpt":"With hundreds of job boards to search through an applicant management interface provides one place to view and apply for jobs. Job Seekers love using an applicant management interface to help them secure work, but what is it? 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You need very specific Internet marketing tools to help you attract and communicate with new jobseekers, employers & clients on a regular basis to ensure your business is a success and grows rapidly. Some of\u2026","rel":"","context":"In &quot;Blog&quot;","block_context":{"text":"Blog","link":"https:\/\/ejobsitesoftware.com\/blog\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":471,"url":"https:\/\/ejobsitesoftware.com\/blog\/android-apps-for-job-search\/","url_meta":{"origin":2008,"position":4},"title":"Android Apps for Job Search","author":"admin","date":"November 20, 2014","format":false,"excerpt":"Mobile usage is growing rapidly. People now rely more on mobile devices like smartphones to conduct business. More and more jobseekers are also using mobile phone and apps to search for jobs. 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