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Info Edge Acquires IIMjobs For Rs 80 Crores

The combination of iimjobs’ strong brand proposition and Info Edge’s strong distribution network, enables Info Edge to better serve its recruiter clients and job seekers by tailoring its services to meet their requirements

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Photo Credit : locatory.com,

Info Edge Limited has entered into an agreement to acquire 100 percent ownership of Highorbit Careers Pvt. Ltd (hereinafter “iimjobs”) for a cash consideration of Rs 80.82 crores. Highorbit Careers Pvt. Ltd. is the owner of online job portals iimjobs.com and hirist.com. 

IIM Jobs was founded in 2010 by Tarun Matta, an IIT-IIM alum, with the aim of addressing the job needs of jobseekers graduating from premier institutes. 

The combination of iimjobs’ strong brand proposition and Info Edge’s strong distribution network, enables Info Edge to better serve its recruiter clients and job seekers by tailoring its services to meet their requirements.

Hitesh Oberoi, Co-Promoter, MD and CEO, Info Edge said, “iimjobs has managed to carve a niche for itself and has built a great brand in the premium job seeker community. Its value proposition strongly complements, Naukri’s proposition to its customers. Given our massive customer base in Naukri, together with Tarun we are confident of taking this business to the next level over the next few years”.

Chintan Thakkar, CFO, Info Edge added, “This multi-brand approach strengthens our offering in the job market, and expands our value chain”.

Tarun Matta, Founder of IIMJobs said, “We are super excited about this partnership.   Joining forces with Info Edge gives us an opportunity to leverage their resources and accelerate our journey in a way that we would not be able to do ourselves or with any other partner. This partnership gives us the resources to build better products, serve our customers better, and take our products to more customers”. 



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info edge iimjobs recruitment jobseekers job market

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