Info Edge, the parent company of recruitment portal Naukri.comm, has bought AmbitionBox for an undisclosed amount. With this, Info Edge will buy AmbitionBox's domain, content and business. Founders Mayur Mundada and Subramanya TH will join the company to develop the site. AmbitionBox is a discovery platform for job-seekers and provides information on the company, interview experiences, and workplace reviews. Users can log in to the platform and share their advice and company reviews anonymously or otherwise. It also offers practice tests and a salary calculator. So far, it has information on recruitment interviews from companies such as McKinsey, Infosys, Boston Consulting Group, Cognizant, Tata Consultancy Services, and L&T. The company began its operations in 2015 and has around 11-50 employees. As a company, AmbitionBox makes a good fit to its Naukri business, its most profitable segment. For the quarter ended December 2016, the recruitment solutions segment reported Rs 140.43 crore in revenues up 6.8% year on year. Recruitment solutions posted a Rs 71.14 crore in profit. This is Info Edge's fifth strategic investment over the last year Happily Unmarried: Info Edge invested an additional Rs 5 crore in online gifting website Happily Unmarried in July 2016, through convertible preference shares. Accordingly, Info Edge’s total investment in Happily Unmarried stands at Rs 21.3 crore and owns 48% stake in the company. Dirolabs: Mobile phonebook management company Dirolabs raised Rs 3 crore (via convertible shares) from Info Edge, selling 11.5% stake to Info Edge, in June 2016. This raise thus values Dirolabs at around Rs 26 crores, approximately $3.8 million. Unnati…
Please subscribe to MediaNama. Don't share prints and PDFs.
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...