wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Info Edge Acquires Toostep Consultancy’s Business; Naukri To Get Social Features?

Update: Speaking with MediaNama, Info Edge CEO Hitesh Oberoi said that Naukri acquired TooStep because of its recruitment management solutions product. He said that TooStep's existing product would be supported, however, the team would work on integrating relevant features into Naukri and on new features. He said that the company would like to support integration with social various social networks, and would develop new social features as well. Info Edge, the company that runs Naukri, 99acres and Jeevansathi, has acquired the business, of Toostep Consultancy Pvt Ltd., on a slump sale basis. The company informed the Bombay Stock Exchange about the acquisition through a filing. The exact monetary details of the transaction were not disclosed. Following the acquisition, the Toostep team has joined Info Edge. According to the filing, Info Edge intends to integrate features of Toostep's products into Naukri.com, and will also allow Toostep to scale up sales getting access to Naukri's client base. Toostep had developed a SaaS (Software as a Service) Platform that allows recruiters to propagate jobs on social networking sites and Search Engines and also allows recruiters to manage the response. The filing mentions that Toostep had sold its solutions to many customers in India in the last 3 years. The company's website mentions 163 job sites that have integrated its solution, offering 1,742,962 openings. Toostep mainly offers a knowledge board where users can discuss different subjects in line with their professional pursuits, gain recommendations and network with potential employers. It also offers a Facebook app. Make Naukri…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ