Home SAAS Data Edge acquires HR SaaS startup Zwayam to assist Naukri develop

Data Edge acquires HR SaaS startup Zwayam to assist Naukri develop

Naukri.com and Jeevansathi.com’s parent company – Info Edge – said it will acquire 100 percent of the share capital of HR Software-as-a-Service (SaaS) startup Zwayam Digital for approximately Rs. 61 billion.

The bar deal is expected to close on or before June 30, 2021, according to regulatory filings from the consumer internet major.

Following the acquisition, the Bengaluru-based startup will become a wholly-owned subsidiary of Info Edge.

Info Edge said the proposed acquisition will help the company further consolidate its position in the online recruitment solutions segment, in which its flagship brand Naukri.com is the market leader.

Zwayam has driven the digital transformation of the recruiting process for many companies and will continue to do so as part of Info Edge.

Hitesh Oberoi, Co-Promoter, MD and CEO of Info Edge, said in a statement, “This acquisition will complement and complement Info Edge’s current recruiting offerings and help cement its position as the leader in the enterprise recruiting solutions market.” Info Edge was also a major investor in startups like Zomato and PolicyBazaar.

Zwayam Digital was founded in 2015 by Joseph John, Nicel KM, Divya T and Shreyas Tonse other recruiting solutions with configurable plug-and-play modules.

“Info Edge will give us the expertise and resources we needed to better serve our customers,” said Joseph John, CEO of Zwayam.

Zwayam Digital’s annual sales in FY21 were Rs. 6.46 million. It recorded sales of Rs 4.40 billion in FY20 and Rs 2.27 billion in FY19, respectively.

Latest articles

web optimization encourages oblique investments | Monetary tribune

With the flood of new investors on the stock market in a relatively short space of time, the regulator has stepped up its efforts...

6 causes Maxime Bernier needs you to vote for PPC

This article is part of a Narcity series that highlights the key points you need to know about where Canada's political party leaders stand...

PPC candidate apologizes for being requested to kill Trudeau – in some way

It could be the most insincere excuse in political history. Popular Party candidate and pot-backer Mark Emery was beaten up on Twitter Monday night after...

The state of search engine optimisation 2021 [New Search Engine Journal Research]

Do you love dates? Are you looking for help to successfully steer your SEO strategy and career in the right direction for 2022?Then...