Other Private Equity/Strategic Investments
Quess Corp to raise Rs.138-Cr for jobs portal unit Monster.com
Gurugram-based online talent platform, a group firm of publicly listed business services provider Quess Corp, has raised INR 137.5 crore in a funding round led by Akash Bhanshali (of Volrado Venture Partners) and Mohandas Pai (via Meridian Investments). Quess Corp also participated in the funding round. After the round, Monster.com is valued at close to USD 100 million (around INR 755 crore). The current close has been done at INR 112.5 crore with an option built in to expand the round to INR 137.5 crore. The funds raised will be used for enhancing investments in product development and marketing in India, Southeast Asia and Middle East markets and help Monster.com evolve from a job-board into a talent platform, delivering a full-stack experience for both candidates and companies. Monster.com currently has over 60 million active users in India. The business, which also has a presence in SEA and Middle East markets, has grown Sales 60% YOY with strong Customer Retention (70% growth YOY) and Active User Base (170 % growth YOY).
From the Venture Intelligence M&A Deals Database: In Jan 2018, Quess Corp Ltd had acquired the Monster.com entities in India, Singapore, Malaysia, Hong Kong, Vietnam, Philippines, Thailand, Indonesia and the Middle East, for an enterprise value of USD 14 million.
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