InfoEdge, that has invested in Zomato and Policybazaar and also backed the parent companies of Naukri.com and Jeevansathi.com, has gone ahead and acquired DoSelect, the five-year old HR startup.
This association will give DoSelect the support and resources it requires to create the best assessment automation software matching global standards. Henceforth, DoSelect will be able to further strengthen its products and take advantage of the InfoEdge services.
The Rs 21 crore deal saw the data-driven skill assessment platform, DoSelect, being acquired by InfoEdge, which has already invested in many other firms, including Printo, Rare Media Company, Happily Unmarried, Medcords, Big Stylist, No Paper Forms, Vacation Labs, Shop Kirana, Unnati Helpers, mydala.com, Shihpsy, Coding Ninjas, Adda 247, Univariety, Gramophone, as well as logistics aggregator, Shiprocket.
Bengaluru-based DoSelect was founded by Iliyas Shirol and Rohit Agrawal about five years ago, with investments from Mumbai Angels, 3one4 Capital, Aarin Capital and Mohit Saxena, who co-founded InMobi.
DoSelec caters to over 150 enterprises, SMEs and startups across sectors, including big names, such as DXC, Fractal Analytics, Capgemini, PhonePe, UpGrad and Simplilearn.
The firm will run as part of Info Edge and with this acquisition the former’s offerings will broaden in terms of products and solutions. It will give it a competitive edge in the online hiring solutions space. DoSelect will add its smart decision engine to InfoEdge’s portfolio, which already boasts of a massive jobs database.