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grownout.com

Stage

Acquired | Acquired

About Grownout

Grownout offers an online referral hiring platform that enables organizations to leverage their employees' professional network. GrownOut utilizes techniques of referral hiring to make candidate sourcing easier and more efficient.

Grownout Headquarter Location

596, 1st Floor Udyog Vihar, Phase 5

Gurgaon, 122 016,

India

(+91) 124-4384534

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Expert Collections containing Grownout

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

Grownout 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 Grownout News

VCs make a rush for HR tech startups

Apr 18, 2018

VCs make a rush for HR tech startups Notable deals in the space include PeopleStrong's acquisition of two companies - Grownout and Capabiliti and former Flipkart executive's investment in CTO search firm Purple Quarter. Aparna Desikan  |  TNN  |  April 18, 2018, 07:15 IST The skilling & HR tech space is seeing a flurry of deals - acquisitions and investments - in the last three months. Data from research firm Venture Intelligence shows that 9 deals have been closed in the Jan-March quarter of 2018, and $59 million has been pumped in. The quarter also registered a 300% jump in the investment compared to the same period in 2017. Employee skilling startup Degreed, bagged a $42 million investment from Owl Ventures and Jump Capital. Sources add that HR tech is gaining importance in the era of skilling and tech-based recruitment and employee management services. Pankaj Bansal, co-founder and CEO, PeopleStrong added that the company plans for two more acquisitions in the payment and employee management space. "The services of traditional HR companies are no longer as relevant and companies are migrating towards tech-enabled offerings. The HR tech industry in India is now worth $1 billion and the space will further grow with investments this year. We have added 52 customers in the last year and we project double the growth this year. It called for rapid growth and hence, the acquisitions," he added. While the first quarter of the year saw heightened activity, HR tech also saw $153 million pumped in 2017 - the highest since 2015. And it is not just pure play HR firms that are raking in the money. Startups such as Niyo Solutions - which are at the cusp of Fintech and HR tech - are also getting in investments from prominent VCs such as Prime Venture Partners. VCs attribute the digitisation to the growth in the sector. "HR is an area that has been in the paper ages and India is now doing leapfrog and going completely towards cloud and mobile Internet services. NiYO sits at the intersection of HR Tech and Fintech - leveraging the benefits of digitisation across both sectors to offer a unique experience to employees and employers. Analysts point out that the sector gaining attention is a part of investor interest shifting towards B2B deals.

  • Where is Grownout's headquarters?

    Grownout's headquarters is located at 596, 1st Floor, Gurgaon.

  • What is Grownout's latest funding round?

    Grownout's latest funding round is Acquired.

  • Who are the investors of Grownout?

    Investors of Grownout include PeopleStrong and Matrix Partners India.

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