JustCode, a New York-based interviewing platform has today announced that it has acquired Bengaluru-based online job recruitment platform Jobspire. With this, JustCode aims to extend its operations in the country and to further strengthen its core products for employers.
Once the acquisition process is completed, Jobspire’s core products will then be integrated with JustCode. Mohak Dhingra, co-founder of Jobspire, said,
Right now, we’re working with JustCode on building a more cohesive end-to-end online job recruitment platform powered by proprietary testing algorithms. We’re taking on the problems of finding fantastic developer talent through a more hands-on approach.
He further adds that Jobspire will continue operating in India but the company now has set targets on the global space.
Aditya Narayan, CEO of JustCode, said,
We envision JustCode as a comprehensive platform for both developers and employers, and integrating Jobspire’s team and products into JustCode will help us achieve our goal of dramatically improving the quality of hires and reducing cost per hire.
Jobspire was founded in 2014 by Varun Mayya, Kartik Luke Singh, Sandesh Kini and Mohak Dhingra. It was started with the motive to provide the inside scoop on companies to build & engage their talent using visual stories.
Later on, it evolved into a platform which provide end-to-end online job recruitment solutions that included sourcing, matching, decision-making, and tracking for Indian startups. It has also raised $262K in funding in August 2015 which was led by Ravi Srivastava of Purvi Capital.
The startup claims to have worked with over 1,000 companies and near 200,000 registered professionals on the platform. It also claims to have served more than 4 million requests in 2016, with over 1,000 professionals placed in their desired companies.
According to the Monster Employment Index for June 2016, online job recruitment in India grew by 17% year-on-year, and expects the overall Indian staffing market to be around $40 billion, including both online and offline domains.
On the other hand, in the US, Technavio’s market research analyst predicts that its online recruitment market will grow at a CAGR of more than 6 percent by 2020.