As Covid-19 cases wane, host of startups look to increase headcount

Meesho, HomeLane, Bajaj, GTV, FinTech

With the second wave of Covid-19 having tapered off, a host of startups are looking to increase headcount. Many of these companies are looking to set up new verticals, expand in new territories and invest in rapid growth seen over the past months.

New-age companies like HomeLane, NoBroker, CashKaro, Meesho, slice, Droom, Clovia and Cashfree are aggressively ramping up their technology and product teams, with a majority of the hiring to be lateral. In demand will be front-end and back-end developers, data analysts and operations managers, while roles in marketing, growth, supply chain and customer service are also up for grabs.

NoBroker is looking to hire 500 people in the next six months, for its technology, product, data science and customer service teams.

“Our revenue doubled in the last year and we grew heavily in terms of numbers of customers and properties. With the second wave of Covid ending, we have seen a jump in customer interactions and in the next six months, we would see pent-up demand coming in our favour,” said Amit Agarwal, cofounder of the Bengaluru-based startup.

HomeLane, another Bengaluru-based startup, is looking to grow its team size by 800, and is focusing on increasing diversity within the organisation and enabling women to rejoin the workforce.

This increase in hiring is driven by a shift in consumer behaviour such as a rise in time spent at home, increasing the need for home improvement services. Customers are looking for more organised players in the home interiors market, cofounder Tanuj Choudhry said.

While hiring will predominantly be done for the tech and product functions, the company is also looking to ramp up its sales, customer service, supply chain, marketing and interior design teams.

While Meesho intends to onboard about 150 new employees for its technology team over the next year and a half, CashKaro will recruit about 75 people across its technology, assisted ecommerce, influencer marketing, data analysis and design teams.

“One of our major hiring projects will be building the team for our new

fintech

vertical,” said Swati Bhargava, cofounder, CashKaro and EarnKaro. The company is also looking to fill up some senior positions like data head and product head, among others.

Fintech firm Cashfree is looking to hire about 100 new employees over the next six months, across roles in marketing, growth, engineering, product design, and software architecture. “Our bulk disbursal product Payouts surged over 200% in FY21 compared to FY20. We are also actively looking at expansion into international markets,” said Sapna Sukumar, vice-president of HR.

Slice is looking to hire about 300 employees for its product, analytics, design and technology teams.

“We plan to achieve a

GTV

(gross transactions value) run rate of $1 billion in FY22. There are also plans to introduce some new products that will transform and elevate the whole fintech space for millennials and Gen Z,” Rajan Bajaj, founder of slice, told ET.

Droom is also looking to hire 100-odd employees for its product, engineering, loan and insurance, last-mile delivery, and inspection services teams. “We are looking forward to international hiring as we are aggressively planning to continue our expansion in south east Asian countries,” said founder Sandeep Aggarwal.

Other new-age companies that are looking to increase their tech and product teams in coming months include Clovia, BharatPe and RateGain, which are collectively planning to hire 200-odd people.

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