4 top Indian startups that are on hiring spree
India's four unicorn startups - Flipkart, Paytm, Snapdeal and ShopClues make up to 90% of all open job postings. These startups are valued at more than $1 billion each. The e-commerce market in the country is growing at 30% per year. Majority of these positions are for Delhi NCR region.
Sashi Kumar, the MD of Indeed India said, "Indeed's latest study reveals that more than half (57 per cent) of all job postings by unicorns are for fresh graduates. This is encouraging for millions of young freshers looking to jumpstart their careers with young companies, and being a part of the exciting startup ecosystem."
The e-commerce market is supposed to touch the cumulative valuation of $200 billion by 2026. Indian e-commerce giants Snapdeal, Flipkart, Paytm and ShopClues are booming today. The government initiatives have helped these startups in improving their revenue. Demonetization drive helped Paytm in creating a large pool of user base.
Kumar further added, "Our earlier study on job flexibility also indicates a trend towards contractual hiring in these firms, which reaffirms the growing affinity among today's new-age job seekers, who look at striking a balance in work-life integration."
Looking at the geographic location of available job openings, over 83% of the jobs are for Delhi NCR location. Other than Flipkart, the rest three unicorn startups have their presence in Delhi NCR region. The Indeed's report also includes job postings from other highly valued startups like Hike, InMobi, Ola Cabs, RenewPower, Zomato and Mu Sigma.
In the total job postings, Snapdeal contributes to 53% of total postings, Paytm is at 23%, Shopclues is at 11%, Flipkart and Zomato have 4% of all job openings, Ola cabs has 3% openings and InMobi has 2% open positions.
- Rajat Kabade