Edutech co upGrad buys hiring firm Rekrut India

upGrad hopes the latest acquisition will turbocharge its career engine by opening up wider placement opportunities and propelling accessibility of its learners to Rekrut’s hiring partners.

Rekrut has built a wide reach through its multiple hiring models which allow simplified hiring. It is currently working closely with many corporate startups, MSMEs, and large enterprises.

“Rekrut will now open the floodgate of career opportunities for upGrad learners. Hence, we are thrilled to announce the onboarding of the team, a significant step in making upGrad a career powerhouse for professionals,” upGrad Co-founders Ronnie Screwvala, Mayank Kumar, and Phalgun Kompalli, said in a joint statement.

“This move is integrally aligned with our company’s vision of powering career success for every member of the global workforce as their trusted lifelong learning partner.” Post the acquisition, Rekrut India will continue to operate independently.

UpGrad said it drove over 1,000 career transitions in 2020, with an average salary hike of 44 per cent.

With Rekrut’s expertise and core business being driving placements, the company hopes to boost its current volume by 10X and drive meaningful career outcomes for learners.