Recent data from Indeed, a leading job site, reveals the leading hirers amongst Indian unicorns (startup companies valued at over $1 billion): Snapdeal leads the pack, making up more than half of the total jobs posted by the top Indian startups. Together with PayTM, ShopClues and Flipkart, these four unicorns make up around 90 percent of all job postings.
Despite a tumultuous 2017, Snapdeal conducted hiring on a scale far greater than any of its fellow unicorns and considerably outstripping rival firms such as Flipkart. With the Indian ecommerce market expected to grow at 30 percent a year, and attain a valuation worth $200 billion by the year 2026, according to insight from Morgan Stanley, companies such as Snapdeal, ShopClues and Flipkart are experiencing a boom in business. Digital service providers like PayTM and Zomato too are thriving, given the government’s demonetisation drive and push for cashless transactions and the widespread penetration of mobile literacy.
Sashi Kumar, managing director, Indeed India 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. Further, our earlier study on job flexibility also indicates a trend towards contractual hiring in these firms, which reaffirms the growing affinity among today’s new-age job seekers, who look at striking a balance in work-life integration.”
While the top four firms in terms of hiring together make up 90.57 percent of all jobs posted, the region that has witnessed the maximum number of job postings from these companies is Delhi NCR, with an overwhelming majority of 83 percent. It is interesting to note that this region also witnesses the maximum proportion of part-time or flexible jobs, as revealed by a former Indeed study.