Top Indian startups on hiring spree: Report

The top Indian startups with valuation of over USD 1 billion each are on a hiring spree and more than half of all job postings by these unicorns are for fresh graduates, says a report.

According to recent data from global job site Indeed, four unicorns – Snapdeal, Paytm, ShopClues and Flipkart – make up around 90 per cent of all job postings.

A unicorn is a startup company valued at more than a billion dollars, typically in the software or technology sector.

“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,” Indeed India Managing Director Sashi Kumar said.

With the Indian e-commerce market expected to grow at 30 per cent a year, and attain a valuation worth USD 200 billion by 2026, companies such as Snapdeal, ShopClues and Flipkart are experiencing a boom in business, it said.

Moreover, digital service providers like Paytm and Zomato too are thriving, given the government’s demonetisation drive and push for cashless transactions and the widespread penetration of mobile literacy.

(Agencies)

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