News Update

Joveo bolsters India operations, to invest Rs 180 cr

• ByAyushi Ray     |    August 18, 2021

Joveo bolsters India operations, to invest Rs 180 cr by Dec 2022. This job advertising technology platform will expand its team as well. The company provides programmatic job advertising solutions to corporates, recruitment agencies and recruitment process outsourcing providers. It helps companies to diversify their media mix and create required insights about what sites, which ads and placements are working, enabling companies to not overlook quality job ads. ‘We have 100-plus in India and we would continue to make investments… There is a lot of focus that we have to continue to hire in India for ourselves… By the end of next year (December 2022), we would have invested Rs 180 crore from now,’ Joveo founder and CEO Kshitij Jain told PTI.

The company has raised USD 17.5 million in funding till date and is backed by investors like Nexus Venture Partners. Jain said India and Asia Pacific (APAC) is a relatively newer region for the company and accounts for about five per cent of its revenues. “We get about 60 percent of our revenues from North America, which is where we started. Europe, where we started a year and half back, today accounts for about 35 percent of our revenue. However, in terms of growth it is the opposite – APAC and Europe are the fastest growing regions for the company,” he added. “By the end of the year, we expect APAC – which is literally India as we don’t have a presence in China, Japan or Australia – to get to 10 per cent. Europe will most likely get to about 40-50 per cent and the US region would be the rest,” Jain said.

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