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freshersworld.com

Founded Year

2006

Stage

Corporate Minority | Alive

About Freshersworld

Freshersworld.com is an online job portal dedicated to entry-level hiring.

Freshersworld Headquarter Location

Bengaluru,

India

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Expert Collections containing Freshersworld

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Freshersworld is included in 1 Expert Collection, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

Latest Freshersworld News

Indian temp staff major TeamLease to buy 30% stake in Freshersworld

May 30, 2017

Subscribe to our newsletter Bidya Sapam May 30, 2017: &nbsp Temporary staffing company TeamLease Services Ltd on Monday said it will buy a 30% stake in online job portal Freshersworld.com, valued at around Rs18 crore, to scale up its hiring business. The transaction, subject to closing conditions and regulatory approvals, is expected to close before the end of July 2017, TeamLease said in a statement. The deal is structured as an all-cash tender financed with existing cash reserves of TeamLease, it added. Benguluru-based Freshersworld, dedicated to entry-level hiring, will continue to operate as an independent entity. Under the agreement, TeamLease will infuse another Rs2 crore to enhance product features and back-end technology at Freshersworld. Also, it would look at increasing its stake in further Fresherworld or a 100% acquisition in the next three years, depending on the portal’s performance. “We have a large recruitment team and physical presence across locations but we are looking at multiple variables which can effectively increase scale and bring in economies and improve the reach. One of the variables is having a strong technology platform at the back-end,” said Ashok Reddy, managing director, TeamLease Services. Reddy said Teamlease, which has around 1,900 clients across 6,000 locations in India, had hired more than 16 lakh people over the last 15 years. Joby Joseph, founder and chief executive of Freshersworld said: “The partnership with Teamlease will allow us to create a formidable force with enhanced product offerings in building databases, online job matching, assessments and background verification.” Shares of TeamLease closed at Rs1,140.00, down 1.02% on the BSE while the Sensex rose 0.26% at 31,109.28. This article was first published on Livemint.com

Freshersworld Web Traffic

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