InfoEdge has entered into an agreement to acquire Bengaluru-based DoSelect.com, at a cost of INR 21 crore.
DoSelect is a data-driven skill assessment platform for hiring and skilling, co-founded by Iliyas Shirol and Rohit Agrawal in 2015. It has received seed funding from investors including Mumbai Angels, 3one4 Capital, Aarin Capital and Mohit Saxena (Co-founder, InMobi).
The acquisition will further strengthen InfoEdge as a leader in the recruitment sector with a sharp focus on tech-based, end-to-end hiring solutions.
DoSelect uses data-driven assessment intelligence in the recruitment lifecycle and has built a strong customer base of over 150 customers across enterprises, SME and startups in various sectors.
The acquisition would help Info Edge offer a new variety of services under its flagship brand Naukri.com helping the Company to further consolidate its position in the online recruitment solutions segment where Naukri.com already enjoys an established leadership position.
DoSelect has 150+ customers ranging from enterprises to startups across industries. Some of the notable brands include Capgemini, Fractal Analytics, PhonePe, UpGrad, Hexaware, Simplilearn, DXC, etc.