Premier recruitment firm ABC Consultants has acquired a stake in QuezX.com, an online recruitment aggregator, as per a release issued by the company.
In addition to a Series A investment in QuezX, ABC Consultants also announced that has combined HeadHonchos - its online business unit, with QuezX’s operations.
The merged entity will now serve employers, recruitment agencies, and candidates, establishing a B2B2C recruitment marketplace with a unique database of more than 4 million professionals.
Elaborating on the reasons behind the decision to invest in QuezX, Shiv Agrawal, Managing Director of ABC Consultants said: “QuezX is at the leading edge of a digital shift in the recruitment industry where the power of technology and Artificial Intelligence is harnessed with the human skills of recruiters to serve both job seekers and employers more efficiently. Devashish and his team have built a promising and futuristic product. The traction they have achieved in a short span of time is exciting and augurs well for the new-age recruitment industry”.
Devashish Chakravarty, the CEO of QuezX welcomed the development and said: “QuezX is delighted to have ABC Consultants on board as a partner in this exciting phase of rapid growth. As the most prominent recruitment firm in India, ABC’s domain knowledge, market access and credibility, combined with synergies between HeadHonchos and QuezX, will help us achieve our goal of redefining the way recruitment is done.”