The top unicorn companies of India, including Snapdeal, Paytm, ShopClues and Flipkart are on a hiring spree. According to Indian job posting site Indeed, Snapdeal is making up more than half of the total jobs posted by the top Indian startups. Meanwhile, all the unicorn companies together make up around 90% of all job postings.
Indeed further added, all the job postings are for fresh graduates. Indeed’s Managing Director Sashi Kumar, speaking about the report said,”Indeed’s latest study reveals that more than half (57%) of all job postings by unicorns are for fresh graduates. This is encouraging for millions of young freshers looking to jumpstart their careers with young companies, and being a part of the exciting startup ecosystem.“
The Indian e-commerce market is expected to grow by 30% and attain a valuation worth $ 200 billion by 2026. As per Indeed’s report, Snapdeal, ShopClues, and Flipkart are expected to experience a boom in the business. For this study, the jobs listing company took into consideration all the job queries posted within the timeframe of October 31, 2016, to October 31, 2017.
The Bengaluru based e-commerce company Snapdeal has a current strength of 200 employees after the firm decided to sack around 1000 employees in July 2017. Kumar further added, this increase in hiring also indicates a trend toward contractual hiring in these firms.
While Snapdeal topped the chart with 53% job postings, Paytm came in a close second with 23%, followed by ShopClues at 11% and Flipkart at 4%. Zomato, Ola, and InMobi are the other startups looking to hire freshers. Meanwhile, New Delhi – National Capital Region saw a maximum number of postings from these companies with an overwhelming majority of 83%.
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