Top Indian Startups Are Hiring Aggressively

by CXOtoday News Desk    Dec 07, 2017

Hiring

Frontline Indian startups with a valuation of over USD 1 billion each are seen to be aggressively hiring and most of all job postings by these startups are for fresh graduates, states a report.

As per a recent report from global job site Indeed, four startups including Snapdeal, Paytm, ShopClues and Flipkart- makeup around 90 percent of all job postings.

“Indeed’s latest study reveals that more than half (57 percent) of all job postings by unicorns are for fresh graduates. This is encouraging for millions of young freshers looking to jumpstart their careers with young companies, and being a part of the exciting startup ecosystem,” said Sashi Kumar, Managing Director, Indeed India.

The Indian e-commerce market is expected to grow at 30 percent a year, and attain a valuation worth USD 200 billion, with these statistics, companies such as Snapdeal, ShopClues, and Flipkart are experiencing a boom in business, the study noted. Meanwhile, digital service providers like Paytm and Zomato too are flourishing, with the government’s demonetization drive and push for a cashless transaction.

“our earlier study on job flexibility also indicates a trend towards contractual hiring in these firms, which reaffirms the growing affinity among today’s new-age job seekers, who look at striking a balance in work-life integration,” added Kumar.

Snapdeal topped the list in terms of percentage of total job postings at 53 percent, followed by Paytm at 23 percent, ShopClues (11 percent), Flipkart (4 percent), Zomato (4 percent), Ola (3 percent) and InMobi (2 percent) among others.

While top four firms in terms of hiring together count to over 90 percent of all jobs posted, the region that saw the maximum number of postings from these companies is Delhi NCR, with a majority of 83 percent.