JOB MARKET

Indian startups on hiring frenzy: Report

Indian startups on hiring frenzy: Report [File] Representative image

There is a frenzied hiring activity happening at startups. Startups, especially unicorns – companies with valuation of $1 billion or more – are literally fighting with each other when it comes to hiring quality talent, according to data from popular job portal Indeed. Snapdeal led the pack followed by Paytm, making up more than half of the total jobs posted by the top Indian startups.

Snapdeal accounted for 53 per cent of total job listings and Paytm 23 per cent. Flipkart, the e-commerce marketplace that received highest amount of funding this year was considerably muted in terms of hiring, making only 4 per cent of the listings. Ola accounted for 3 per cent of total job listings.

With the Indian e-commerce market expected to grow at 30 per cent a year, and attain a valuation worth $200 billion by the year 2026, companies such as Snapdeal, ShopClues and Flipkart are experiencing a boom in business. Digital service providers like Paytm and Zomato too are thriving, given the government’s demonetisation drive and push for cashless transactions and the widespread penetration of mobile literacy.

Interestingly, majority of this hiring is for fresh graduates. Many of these unicorns are also increasingly relying on contractual hiring. The region that has witnessed the maximum number of job postings from these companies is Delhi NCR, with an overwhelming majority of 83 per cent.

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Topics : #Startup | #jobs | #Employment

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