Online recruitment company TalentPad, run by Zobtree Ventures Pvt. Ltd is shutting operations this month, a top company executive said. Nearly 18 months into the business, the founders decided that the market opportunity in the sector they were operating in was not large enough. “We struggled to scale our business as the market size of the space we were playing in was relatively small,” said co-founder Nikhil Vij, adding that technology-focused recruitment companies are struggling in India and it is just not the right time.
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