Indian higher-education startup, upGrad, acquired Mumbai-based recruitment and staffing solutions company, Rekrut India. This move is hoped to broaden the former’s placement opportunities and provide access to learners to the latter’s recruitment partners too.
This is reported to be the first time that an Indian edtech company has acquired a recruitment company in a 100 per cent acquisition. Hencefoth, upGrad will be completely involved in learners’ lifecycles – right from their education to the time they bag a job. This will create a successful end-to-end source of talented manpower.
This deal will enable Rekrut India to operate independently but at the same time, access all the leaners who have registered with upGrad for its courses — which is more than half a million. Even students who have completed their courses from upGrad can benefit from Rekrut’s hiring network.
Founded by Ronnie Screvwala, Phalgun Kompalli and Mayank Kumar, upGrad has apparently successfully driven more than a 1,000 career transitions this year. Not surprising, since the pandemic resulted in more people acknowledging and accepting online education.
The Rekrut India team lead by Ajay Shah, managing founder, boasts of a wide network of more than 100 hiring experts, who work closely with several big names in the corporate world, as well as MSMEs and large enterprises. Given Rekrut’s expertise in quality placements, it looks all set to achieve its goal of pushing its current volume ten times. Amidst the uncertainties of the ongoing pandemic, upGrad and Rekrut can together ensure meaningful career results for its learners.