The irony of it all – a classified for a classifieds site.
Consim Info (Bharatmatrimony) is looking to raise money for ClickJobs, and is currently on the lookout for a strategic partner with deep pockets; $3 Million is petty change, and CEO Murugavel Janakiraman says that kind of money is not sufficient to be on top.
They might seek a different business model, and Muruga denies rumours that the site is on the verge of being shut down. Sources tell IANS that this may be due to lack of management bandwidth – note that Uday Zokarkar, Chief Business Officer of ClickJobs, had informed us (reported here as well) earlier this month that he is signing off from Consim Info. In November last year, Michael Bala, formerly Business Head of ClickJobs, had left to join HP owned Snapfish.
But can’t ClickJobs hire management? I find it rather surprising that they’re looking for a strategic partner, when Yahoo is already invested in Consim Info…and if ClickJobs is spun off to raise money separately, will Yahoo and/or Canaan Partners exit?
The market is largely made up of 5-6 players – Naukri (BSE listed Info Edge), Monster, TimesJobs (BCCL), ClickJobs (Consim Info), Shine (HT Media) and Yello Jobs; Sanjeev Bikhchandani, MD of Info Edge mentions Comscore numbers for comparison here, but I don’t think it’s worth even quoting those numbers – they’re an indication of traffic, and marketing spend will have a big impact on that – hence can be misleading. They’re not an indication of numbers that matter – total users, total resumes, active resumes, total job listings etc. We have an idea of Info Edge numbers – here; sure would like to take a look at similar numbers for ClickJobs…try our Anonymous Tip-Off here.
Also note that CyberMedia shut down its tech jobs portal Dice a few weeks ago.
Disclosure: I own an inconsequential number of shares of Info Edge