Flipkart, Snapdeal, PayTM, ShopClues On A Hiring Spree In India
In a welcome news for fresh graduates in India, Indeed, a global job site, has revealed that more than half of all job postings by top Indian startups with valuation of over USD 1 billion are for fresh graduates. As per the data, four websites - Sanpdeal, PayTM, ShopClues, and Flipkart, the 'four unicorns' make up for baout 90 per cent of job postings. A 'Unicorn' is a startup company typically in software and technology sector which is valued at more than a billion dollars.
Indeed India Managing Director Sashi Kumar 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."
Indian e-commerce market is expected to grow at 30 per cent a year and attain a valuation worth USD 200 billion by 2026. The report also said that companies like Snapdeal, ShopClues, and Flipkart are expected to experience a boom in business.
Other than the e-commerce companies, digital service providers like PayTM and Zomato are also rising as a result of the governments demonetisation drive and push for cashless transactions, and the increasing mobile literacy.
Kumar also said that their initial study on job flexibility also indicated a trend toward contractual hiring in these firms. He said that this indicates toward the new age job seeker's desire to create a work-life balance.
Snapdeal topped the chart in terms of percentage of total job postings at 53 per cent, followed by PayTM at 23 per cent, ShopClues (11 per cent), Flipkart (4 per cent), Zomato (4 per cent), Ola Cabs (3 per cent) and InMobi (2 per cent) among others.
Apart from the fact that these four Unicorn companies make up for over 90 per cent job postings, the region which witnessed maximum number of postings from these companies is Delhi NCR with almost 83 per cent postings located in this region.
While the top four firms in terms of hiring together make up over 90 per cent of all jobs posted, the region that saw maximum number of postings from these companies is Delhi NCR, with an overwhelming majority of 83 per cent.
The study included an analysis of job postings from Flipkart, Hike Messenger, InMobi, Mu Sigma, Ola Cabs, PayTM, ShopClues, Snapdeal, RenewPower and Zomato, which were identified as the top Indian startups valued at over USD 1 billion. The study considered job queries posted within the timeframe of October 31, 2016 to October 31, 2017.