www.livemint.com Open in urlscan Pro
2a02:26f0:7100:1b8::1833  Public Scan

Form analysis
1 forms found in the DOM

Name: form1 — #

<form name="form1" action="#"> <input type="text" name="emailSso_11640151456968" id="emailSso_11640151456968" class="inputemail" placeholder="Enter email address" onkeyup="manage(this,11640151456968)"> <input type="button"
    id="btSubmit_11640151456968" value="Subscribe" disabled="" class="subscribeBtn" onclick="ValidateEmail('emailSso_11640151456968')"> </form>

Text Content

Explore

Sign in e-paper

Tuesday, 4 January 2022


Unlimited access to Mint Premium Start Your Trial
Subscribe

Search
My Reads

e-paper
New

Notifications

Newsletters

IFSC Code Finder
New MintGenie
Top Sections
 * News
 * Companies
   
   * News
   * Start-ups
   * Company Results
   * People
 * Technology
   
   * Gadgets
   * Tech Reviews
   * App News
   * Foldable Smartphones
   * 5G Tech
 * Markets
   
   * Stock Markets
   * Commodities
   * Mark To Market
   * IPO
   * Live Blog
 * Money
   
   * Personal Finance
   * Q&A
 * Photos
 * Mutual Funds
   
   * Mint 50 - Top Mutual Funds
   * News
 * Insurance
 * Lounge
   
   * Features
   * Business of Life
 * Opinion
   
   * Views
   * Columns
   * Blogs
 * Budget 2022
   
   * Budget News
   * Budget Expectations
   * Budget Videos
   * Opinion
 * Auto News
 * Sports
 * Industry
   
   * Banking
   * Infotech
   * Infrastructure
   * Agriculture
   * Manufacturing
   * Energy
   * Retail
 * Videos
   
   * India Investment Summit
   * Annual Banking Conclave
   * Mint Explainers
   * Market Analysis
   * Why Not Mint Money
   * Business of Entertainment
   * Long Story Capsule
   * Mint Views
   * Start-Up Diaries
   * Money With Monika
   * Mint Insight
   * Digital Gurus
   * Brand Masters
 * Politics
 * Education
 * Brand Post
 * Brand Stories
 * Podcast

Explore Mint
 * About Us
 * Contact Us
 * SITEMAP
 * Terms of Use
 * Subscriber - Terms of Use
 * Cookie Policy
 * Print Subscription
 * Privacy Policy
 * Disclaimer
 * Mint Code
 * Code of ethics
 * Mint Apps

Copyright © HT Digital Streams Limited All rights reserved.
"storyDirectUrl"
OPEN APP

HomeLatest TrendingPremium
Market DashboardCryptocurrencyMint SnapViewCoronavirus Vaccine
TrackerCoronavirusLong StoryPlain FactsMark To MarketPrimerPhotosPodcasts

Home / Companies / News /  Monster.com raises ₹137.5 cr in latest funding round;
valued at $100 mn


MONSTER.COM RAISES ₹137.5 CR IN LATEST FUNDING ROUND; VALUED AT $100 MN

Premium In 2018, the Bengaluru-based Quess Corp had acquired Monster.com’s
businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam,
Thailand, Indonesia, UAE and the Kingdom of Saudi Arabia. Photo: Mint 2 min read
. Updated: 22 Dec 2021, 11:17 AM IST Livemint

 * The funding round was led by Akash Bhanshali of Volrado Venture Partners and
   Mohandas Pai of Meridian Investments, with participation from Quess.



Read Full Story
Listen to this article




Monster.com, a Quess Corp company, today announced to have raised ₹137.5 crore
in the latest funding round. The round was led by Akash Bhanshali of Volrado
Venture Partners and Mohandas Pai of Meridian Investments, with participation
from Quess.



Post the funding round, Monster.com is valued at close to $100 million. The
current close has been done at ₹112.5 crore, with an option built-in to expand
the round to ₹137.5 crore. Quess provides technology-enabled staffing and
managed outsourcing services across different processes.

MORE FROM THIS SECTIONSee All
Premium Premium

CENTRE OPPOSES SUBRAMANIAN SWAMY'S PLEA IN HC FOR SCRAP ...

Premium Premium

BIG RAISES ARE COMING IN 2022, SO MAKE YOUR GAME PLAN NOW

Premium Premium

GAIL ACQUIRES 26% EQUITY STAKE IN ONGC TRIPURA

Premium Premium

DETROIT SEEN LOSING GROUND IN AUTO-SALES RACE




The funds raised will be utilised towards enhanced investments in Product
Development & Marketing in India, SEA and Middle East markets. The company said
the investment will help Monster.com evolve from a job-board into a talent
platform, delivering a full-stack experience for both candidates and companies.



Sekhar Garisa, CEO – Monster.com, APAC & ME, said the company is "excited" about
the market opportunity in talent acquisition as people become the most important
currency for every business.

"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 long term outlook is a tremendous vote of confidence in Monster’s
ability and vision in building India’s premier talent marketplace platform,"
said Garisa.

In 2018, the Bengaluru-based Quess Corp had acquired Monster.com’s businesses in
India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand,
Indonesia, UAE and the Kingdom of Saudi Arabia as a strategic investment to
strengthen its HR services portfolio.

The takeover by Quess offered Monster the opportunity to enhance its capability
by building and implementing innovative technology platforms, the statement
said.

Mohandas Pai said Monster.com is poised to redefine the jobs market by building
tech workflows that put the candidate at the centre of the universe of
innovation and possibilities. "The next 2 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," he said.

MINT PREMIUM See All
Premium

CHOICES FOR STRIKING FMCG DISTRIBUTORS: TO BE CREATIVE ...

Premium

HOSPITALIZATION NUMBERS, NOT INFECTIONS, SHOULD GUIDE D ...

Premium

RETAIL INVESTORS CLING TO MUTUAL FUNDS BUT CHERISH DIRE ...

Premium

SENSEX TRADES HIGHER, NIFTY ABOVE 17,650; POWER & B ...




As per Pai, as employers 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.

Monster.com has over 60 million active users in India. The business, which also
has a presence in SEA and Middle East markets, has launched several product
innovations over the last three years to improve the experience of recruiters as
well as job seekers.

It achieved significant growth across key business metrics like sales (60%
growth YOY), customer retention (70% growth YOY) and active user base (170 per
cent growth YOY) etc.

Ajit Isaac, Executive Chairman, Quess Corp, said when Quess acquired Monster for
₹145 crore, the company embarked on a ‘Digital First’ journey to create long
term value for our sharehold

"This investment represents the validation of progress that has been made by the
team and the capital infused will accelerate the transformation towards building
Monster into a category-defining company."

Also read: Cloud-related roles take up 10% of total jobs in November:
Monster.com



Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.


Never miss a story! Stay connected and informed with Mint. Download our App
Now!!



Close




















No Network
Server Issue
Internet Not Available



WAIT FOR IT…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

WAIT FOR IT…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some
to bookmark this image.

Your session has expired, please login again.

Yes, Continue


CONGRATULATIONS!

You are now subscribed to our newsletters. In case you can’t find any email from
our side, please check the spam folder.


×

×

Edit Profile

Get alerts on WhatsApp
My ReadsRedeem a Gift CardLogout


SUBSCRIBE TO CONTINUE

This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp