Naukri.com acquires recruitment portals iimjobs.com and hirist.com

New Delhi: Info Edge India Ltd, promoter of jobs portal Naukri, on Tuesday announced acquiring premium recruitment platform iimjobs.com.

“Info Edge (India) Limited (NSE: NAUKRI) has entered into an agreement to acquire 100% ownership of Highorbit Careers Pvt. Ltd (hereinafter “iimjobs”) for a cash consideration of Rs. 80.82 Cr,” the listed company said.

Highorbit Careers is the owner of online job portals iimjobs.com and hirist.com.

Nine-year old iimjobs.com was founded by Tarun Matta, an IIT-IIM alum, to cater to job needs of those who have graduated from premier institutes. With 23,000 job postings and 1.8 million job applications every month, iimjobs.com and hirist.com have grown rapidly.