Monster.com, a Quess company, has raised ₹137.5 crore in a funding round led by investors Akash Bhansali, Volrado Venture Partners and Mohandas Pai of Meridian Investments.
The current closure is done at ₹112.5 crore, with an option to expand the round to ₹137.5 crore, the company said in a release.
The funds will be used for product development and marketing activities in the markets of India, Southeast Asia and the Middle East. This investment will help Monster.com grow from a job-board to a talent platform, providing a full-stack experience for both candidates and companies, it added.
Shekhar Garissa, CEO of Monster.com, APAC&ME, said, “We are very excited about the market opportunity in talent acquisition as people become the most important currency for every business. We have an exciting product and business road map in line with our vision on how recruitment will evolve over the next few years.
“The next two years will see a huge increase in available jobs thanks to high economic growth. As employers also prepare for a new decade with an employee-first mindset, Monster.com’s platform will help them create a different experience,” Mohandas Pai said.
In 2018, Quess Corp expanded Monster.com’s businesses in India, Singapore, Malaysia, the Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the United Arab Emirates and Saudi Arabia as a strategic investment to strengthen its HR services portfolio. acquired.
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