IIM JOBS
Exclusive online recruitment platform for middle and senior management positions in india.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
N/A | Early VC | ||
| Total Funding | 000k | ||
IIMJOBS.com, operating under its legal entity Highorbit Careers Pvt. Ltd., is a specialized online recruitment platform in India focused on middle and senior management positions. The company was initiated as a blog in 2008 by Tarun Matta, an alumnus of IIM Indore. Matta, with a background in enterprise sales and technology at companies like CSC and Alcatel Lucent, identified a gap in the market where high-quality jobs for experienced professionals were being shared through unstructured channels like alumni groups. He started the platform as a hobby to aggregate interesting job opportunities for his network, with no initial intent of creating a business.
The platform gained significant traction through word-of-mouth, and by 2010, it was officially launched as a company. IIMJOBS.com established a niche by focusing exclusively on the premium segment of the job market, catering to graduates from top-tier business schools and experienced managers. The platform allows recruiters to post jobs, which are moderated to maintain high standards, while registered professionals can apply for these positions. The core service is free for both recruiters and job seekers. Revenue is generated through premium services, such as featured job postings that offer higher visibility to recruiters, and advertising. For job seekers, a paid "Pro Membership" plan provides features like application insights and an ad-free experience.
The company also operates hirist.com, a portal specifically for technology and IT roles. Over the years, IIMJOBS received funding from investors including India Quotient, India Venture Partners, and One97Communications. A major milestone occurred in May 2019, when Info Edge (India) Ltd, the parent company of the prominent job portal Naukri.com, acquired Highorbit Careers for approximately ₹81 crore (about $11.6 million). This acquisition made IIMJOBS.com a wholly-owned subsidiary of Info Edge, aiming to complement Naukri's extensive network by providing a dedicated platform for the premium job market.
Keywords: recruitment platform, mid-senior management, online job board, premium jobs, executive search, talent acquisition, career portal, Highorbit Careers, Tarun Matta, Info Edge