Digital employment platform Monster.com raises INR 137.5 Crore in a funding round
- ByTejika Bajaj | December 23, 2021
Online talent platform Monster.com, a Quess company, revealed that it has raised Rs 137.5 crore (around $18 million) in a funding round led by Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments), with participation from Quess. Post the funding, the company will be valued at close to $100 million.
Talking about the recent round of fundraise and the company experience, Sekhar Garisa, CEO – Monster.com, APAC & ME, said, “The last year has been incredible for the company, achieving very healthy growth across all metrics. We have an exciting product and business road map in line with our view on how hiring will evolve in the next few years. The participation of visionary investors with a long term outlook is a tremendous vote of confidence in Monster’s ability and vision in building India’s premier talent marketplace platform.”
The funds raised will be utilised towards enhanced investments on product development and marketing in India, SEA and Middle East markets, and help it evolve from a job-board into a talent platform delivering full stack experience for both candidates and companies.
Commenting upon his recent investment and his future vision, Mohandas Pai stated, “The next two years will see a huge increase in available jobs, thanks to high economic growth, and job seekers will find a high-quality platform to plan their careers here. As employers also prepare for a new decade and an employee-first mindset, the platform will help them create a differentiated experience and build deeper relationships with their teams from day one. Meridian Investments is proud to partner with Monster.com in this exciting and important vertical.”
Follow Startup Story
Related Posts
