InfoEdge acquires HR Tech firm DoSelect for INR 21 Cr
InfoEdge, parent of the country’s largest recruitment portal, Naukri.com, has acquired 100% of the share capital of Bengaluru-based DoSelect.com, at a cost of INR 21 Cr.
As per a company statement, “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.”
DoSelect is a data-driven skill assessment platform for hiring and skilling, co-founded by Iliyas Shirol and Rohit Agrawal in 2015. It raised seed funding from investors including Mumbai Angels, 3one4 Capital, Aarin Capital and Mohit Saxena (Co-founder, InMobi).
The HR tech firm uses data-driven assessment intelligence in the recruitment lifecycle and has enabled its customers to make smart ‘people decisions’ by deploying successful solutions in hiring, upskilling, onboarding, deployment and employee engagement. It has a robust customer base of over 150 customers including enterprises, SMEs and startups.
Rohit Agrawal, Co-founder & CEO, DoSelect said, “The Info Edge association gives us much-needed support, resources, and an ecosystem to achieve our aim of creating the best assessment automation software in the world. We will continue to fortify our product offering in addition to bringing in better leverage with the InfoEdge ecosystem and deeper integration with their services. DoSelect will run as a business unit of Info Edge and this acquisition will only broaden our platform offerings in terms of products and solutions by joining a larger and stronger ecosystem.”
The acquisition will further bolster InfoEdge as a leader in the recruitment sector with a sharp focus on tech-based, end-to-end hiring solutions. As part of the InfoEdge ecosystem, DoSelect will provide an intelligent decision engine to help organisations target relevant applications for various jobs more efficiently. This would also help Info Edge offer a new variety of services under its flagship brand Naukri.com. In June this year, Info Edge, also entered into an agreement to acquire 100 percent of the share capital of Zwayam Digital Pvt Ltd. The Bengaluru-based entity operates Zwayam, an artificial intelligence and machine learning-powered recruitment management software platform.