Shine.com has appointed Amardeep Vishwakarma, previously the vice product of engineering at InfoEdge’s recruitment platform Naukri.com, as its chief technology officer. Shine.com is HT Media’s recruitment and jobs platform.
According to Vishwakarma’s LinkedIn and a press statement, he has been with HT Media since July. Vishwakarma said that Shine.com has over 30 million resumes and that he will look at increasing Shine.com’s user base. Shine CEO Zairus Master said that the company plans to use AI and machine learning and is working on improving the platform’s technology.
Vishwakarma is a long-time Naukri veteran – he joined as engineer in 2005 and eventually became the VP of engineering at Info Edge India in December last year. According to a statement, he built Info Edge’s flagship recruitment software.
Apart from his roles at Info Edge, Vishwakarma was also technical architect at digital marketing platform Shareholic for a short period in 2011.
Shine.com has been a loss-making unit for a while
- In an investor call in the last fiscal year, an investor asked HT Media’s management if they planned to close down Shine.com since “consistently loss making and scalability, profitability in the business has been very difficult to come by.” Piyush Gupta, Group CFO at HT Media had said that monetization is “very tough given the incumbent is a strong player.” The said incumbent player here is Info Edge’s Naukri.com. More here.
- Earlier this year, Shine.com launched a separate e-learning marketplace Shine Learning, the portal offers mostly paid courses & certifications across categories like sales & marketing, banking, HR, IT, media, law amongst others.
- The quarter ended September 2018, HT Media posted a loss of Rs 37 crore, significantly higher from a loss of Rs 12 crore last quarter. The company’s digital segment, of which Shine.com is a part, reported a 35% lower revenue this quarter YoY.