Revealed: The top Indian Unicorns on a hiring spree
Posted on: 06/Dec/2017 4:05:03 PM
Recent data from Indeed, world’s no. 1 job site, reveals the leading hirers amongst Indian unicorns - those start-up companies valued at over $1 billion. Snapdeal leads the pack, making up more than half of the total jobs posted by the top Indian start-ups. Together with PayTM, ShopClues and Flipkart, these four unicorns make up around 90% of all job postings.
Despite a tumultuous 2017, Snapdeal conducted hiring on a scale far greater than any of its fellow unicorns and considerably outstripping rival firms such as Flipkart. With the Indian e-commerce market expected to grow at 30% a year, and attain a valuation worth $200 billion by the year 2026 (source: Morgan Stanley), companies such as Snapdeal, ShopClues and Flipkart are experiencing a boom in business. Digital service providers like PayTM and Zomato too are thriving, given the government’s demonetisation drive and push for cashless transactions and the widespread penetration of mobile literacy.
Leading unicorns in India in terms of hiring:
|
Position |
Company |
% of total job
postings (of these 10 companies) |
|
1 |
Snapdeal |
53% |
|
2 |
PayTM |
23% |
|
3 |
ShopClues |
11% |
|
4 |
Flipkart |
4% |
|
5 |
Zomato |
4% |
|
6 |
Ola Cabs |
3% |
|
7 |
InMobi |
2% |
|
8 |
One97 Communications
Ltd |
.03% |
|
9 |
Mu Sigma |
.03% |
Sashi Kumar, Managing Director, Indeed India, added, “Indeed’s latest study reveals that more than half (57%) of all job postings by unicorns are for fresh graduates. This is encouraging for millions of young freshers looking to jumpstart their careers with young companies, and being a part of the exciting start-up ecosystem. Further, our earlier study on job flexibility also indicates a trend towards contractual hiring in these firms, which reaffirms the growing affinity among today’s new-age job seekers, who look at striking a balance in work-life integration.”
While the top four firms in terms of hiring together make up 90.57% of all jobs posted, the region that has witnessed the maximum number of job postings from these companies is Delhi NCR, with an overwhelming majority of 83%. It is interesting to note that this region also witnesses the maximum proportion of part-time or flexible jobs, as revealed by a former Indeed study (93% Of Jobs Posted In Greater Noida Region Part-Time In Nature: Report).
Methodology: The study included an analysis of job postings from Flipkart, Hike Messenger, InMobi, Mu Sigma, Ola Cabs, PayTM, ShopClues, Snapdeal, RenewPower and Zomato, which were identified as the top Indian start-ups valued at over $1 billion. All job queries posted within the timeframe of October 31, 2016 to October 31, 2017 were considered for this study.
About Indeed:
More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 60 countries and 28 languages. More than 200 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit indeed.com.
For more information contact -
Saumitra Chand | 9535044316 | Saumitra@indeed.com
