Upgrad rekrut, a hundred percent subsidiary of Indian edtech unicorn Upgrad, acquired Wolves India. The acquisition took place on July 14, 2022. Wolves India is Bangalore-based recruitment and staffing firm. The company did not reveal the financial details of the transaction.
Purpose of the acquisitions by Upgrad
As a part of the deal, Wolves India continues to operate independently under the leadership of its Founder and Director, Raghu S. Meanwhile, the company intends to strengthen its tech portfolio via the acquisition.
The demand for skilled talent in the tech industry in India continues to observe steadfast growth. The industry is expected to become a USD 350 billion market by FY26.
upGrad seeks to onboard 1,000 employees in the next three months in India. The recruitment may involve more than 100 campuses, including Metros and tier 2 and 3 cities. Further, the Indian edtech unicorn plans to ramp up its team size. It will hire people from its own learners’ talent pool via its subsidiary upGrad Rekrut.
What the co-founder of upGrad has to say
“While with upGrad Rekrut, we saw our learners receiving record-breaking CTCs during FY22, the joining of Wolves India will give us an edge in the tech ecosystem. It shall foster wider employment opportunities for our learners in the form of highly paid tech roles and enhanced career acceleration,” said Mayank Kumar, Co-founder and MD, upGrad.
What the Wolves India founder has to say
“We will support upGrad to present world-class tech job opportunities to its learners and, together with upGrad Rekrut, create a market leader in tech hiring,” said Raghu S, Founder, and Director, Wolves India.
What the upGrad Rekrut officials have to say
“We are thrilled to welcome Raghu and his team on board to partner with upGrad Rekrut to offer an enhanced placement portfolio, thus enabling upGrad learners with the tech jobs of tomorrow. This aligns with our ambition of becoming the global talent superpower in the next few years,” said Ajay Shah, Managing Founder and Husain Tinwala – Co-founder of upGrad Rekrut.
About Wolves India
The Bangalore-based WOLVES is a staffing and recruitment firm. The firm was set up in 2015. It specializes in the recruitment of tech across startups, along with mid and large-sized organisations in India and abroad. The company has 70 professionals onboard. Since its inception, it has closed more than 5,000 placements in technology and product roles.
WOLVES India is also working towards solving hiring complexities across the aerospace segment. The company is making headway in the process via its product – Quasara. It seeks to help global businesses to set up their offshore centers.
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