New York-based interviewing platform JustCode has acquired Bengaluru-based Jobspire Technologies Pvt. Ltd, which operates hiring portal Jobspire, for an undisclosed amount, the Indian firm said in a statement.
JustCode is run by TurnToTech which is a mobile boot camp that offers project-based courses for iOS and Android development.
With the acquisition, JustCode aims to extend its operations in India and strengthen its core products for employers. Post acquisition, Jobspire’s core products will be integrated with JustCode.
Founded by Manipal Institute of Technology alumni Mohak Dhingra, Kartik Luke Singh, Sandesh Kini and Varun Mayya in August 2014, Jobspire provides online job recruitment solutions including sourcing, matching, decision-making and tracking for Indian startups.
It helps startups and small and medium enterprises (SMEs) create company profiles, allowing them to visually describe their work environment and talk about growth plans. It also allows candidates to showcase capabilities by completing quick challenges instead of applying with a CV.
“The recruiter market in the US is much more mature. Justcode will be an incarnation of Jobspire with a ‘close-to-real-life’ version of testing developers which is a great value to most recruiters,” Mayya said.
In September 2015, Jobspire secured $262,000 in seed funding from Purvi Capital LLC, a Chicago-based investment firm https://www.vccircle.com/jobspire-raises-262k-seed-funding/
Willfly Ventures, Nikunj Jain (co-founder, Frankly.me), Krishna Jha (co-founder, Telnet Ventures), Sanjay Bakshi (co-founder, Impulse Marketing), Kapil Nayyar (partner, International Business Advisors) and Artieca Trust also participated in the round.
The hiring space has seen several acquisitions and mergers in the past six months.
Earlier this week, online employment matchmaker Aasaanjobs Pvt. Ltd acquired mHire, a Noida-based recruitment marketplace focussed on skilled and semi-skilled, blue- and grey-collar jobs.
Last month, Ahmedabad-based networking and learning platform for colleges AlmaMapper Technologies Pvt. Ltd acquired campus hiring solutions company VibrantMinds Technologies Pvt. Ltd.
Online classifieds platform Quikr India Pvt. Ltd was recently looking to buy blue-collar jobs portal Babajob Services Pvt. Ltd to consolidate its jobs vertical.
In an earlier interaction, Hitesh Oberoi, Naukri.com parent Info Edge’s managing director and chief executive, also told VCCircle that the company is on the lookout for the right portfolio fits to power its recruitment business.
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