Posted by US-headquartered firm GreyOrange is looking to expand its headcount in India, reports Economic Times.
Global technology company GreyOrange aims to hire 300 employees for its India vertical in the coming year. The US-headquartered firm currently has 800 employees spread out globally, of which over 600 work out of India, reports Economic Times.
The company is looking to hire across verticals like product, engineering, and customer success for roles ranging from freshers and lateral hires to senior executives.
The firm is heading to different markets and newer locations in search of promising candidates. They are also on the lookout for candidates with varied experience levels — engineers, analysts, project engineers, sales directors, marketing, product managers, treasury, FP&A, and roles in support functions.
Indian unicorns and soonicorns (startups soon to be valued at over $1 billion) have stepped up their hiring in 2022 in the wake of expansion plans and increased investor interest in the startup ecosystem, Economic Times reported.
As per data from Bengaluru-based staffing firm Xpheno, net headcount at startups surged over 11% during January-February this year, compared with the same period last year.
Fintech player PhonePe is planning to more than double its employee count to 5400 from existing 2400 by the end of this year, multiple media reports said.
The company, which has 2800 open job positions country-wide, is looking to add new employees of different experience levels to its engineering, analytics, product, business development, and sales teams across Delhi, Mumbai, Bangalore, Pune and other cities.
Here’s more from the report:
Soonicorns recorded a 21% increase in headcount while unicorns saw 10% growth.
Startups on an aggressive hiring spree: Meesho, Mamaearth, PhonePe, Sugar Cosmetics and boAt, Spinny, among others.
Online retailer and reseller Meesho, which grew tenfold in 2021, plans to hire 1,500 new employees, especially in technology and product teams.
Used car ecommerce reseller Spinny will add over 2,000 new recruits by this year-end.
Mamaearth, which became a unicorn recently, plans to hire over 300 people across technology, data, growth marketing and offline sales roles.
Indian startups have raised over $12 billion this year so far, which is one-third of the total funding recorded last year. “In 2021, nearly $45 billion got invested in startups and 20% of that is usually invested in people and organisational expansion. This means that startups will have to hire lakhs of people not just in technology but across the spectrum,” said Pranav Pai, managing partner at venture capital firm 3one4 Capital.
Indian unicorns and soonicorns currently employ over 365,000 people. The cohort registered 40% headcount growth over the past two years.
Credit : LinkedIn News