Monster.com raises ₹137.5 crore in the latest funding round

Monster.com has announced to have raised INR 137.5 crores in a funding round. The company is valued at 100 million USD.

Monster.com is a Quess company and is also India’s one of the leading online talent platforms that helps candidates to find jobs. The company recently raised around INR 137.5 crores in a funding round. The funding was led by Akash Bhanshali of Volrado Enterprise Companions and Mohandas Pai of Meridian Investments, with the participation from Quess.

The funds raised will be utilized for the enhancement of the product development and marketing in Indian and Middle East markets. The investment will help the company considerably evolve from a Job-board into a Talent Platform delivering full-time stack experience for both candidates and companies.

In 2018, Quess Corp acquired Monster.com’s businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, UAE and the Kingdom of Saudi Arabia as a strategic investment to strengthen its HR services.

Mohandas Pai said, “Monster.com is poised to redefine the jobs market by building tech workflows that put the candidate at the centre of the universe of innovation and possibilities. The next 2 years will see a huge increase in available jobs, thanks to high economic growth, and job seekers will find a high-quality platform to plan their careers here. As employers also prepare for a new decade and an employee-first mindset, the platform will help them create a differentiated experience and build deeper relationships with their teams from day one. Meridian Investments is proud to partner with Monster.com in this exciting and important vertical.”

Today, in India the company has over 60 million users. And the company keeps on making innovations and launching new services to improve the experience of both job recruiters and job seekers.

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