PE Firm Turn/River Capital Acquires HR Tech Startup 'Recruiterbox'

PE Firm Turn/River Capital Acquires
HR Tech Startup 'Recruiterbox'

Bengaluru-based HR tech startup Recruiterbox has reportedly been taken up by US-headquartered private equity firm Turn/River Capital in a cash deal.
According to the reports, the acquisition is aimed at helping Turn/River build a suite of HR-tech products and Recruiterbox will be merged into the PE firm’s performance management solutions banner Applied Training Systems Inc (ATSI).
Recruiterbox co-founder Girish Redekar said, “Everyone in the team continues to work in exactly the same roles as before. Turn/River Capital will help with its expertise on the sales and marketing side in accelerating the growth of SaaS companies.”
Recruiterbox is a software-as-a-service (SaaS) company founded in 2011 by Redekar, Raghuveer Kancherla and Raj Sheth. The bootstrapped firm makes an applicant tracking software which helps HR departments manage their hiring.
Recruiterbox’s customers include Groupon, Progressive Insurance, Crunchbase, Scripted, US Department of Energy, among others.


Comments

Post a Comment

Popular posts from this blog

LT Foods To Set Up Rice Processing Plant In Europe

Image
LT Foods To Set Up Rice Processing Plant In Europe LT Foods plans to expand its geographical footprint in important markets of Europe and UK through this plant by increasing its sales from the current 5000 tonnes to 60000 tonnes over the next 3 years. With an aim to popularise its Daawat brand of rice in Europe, LT Foods commenced operations of its first rice processing plant at Rotterdam, Netherlands. LT Foods has made an investment of $15 million in the plant with initial capacity of 60000 tonnes and scope for further expansion in the future. LT Foods plant is the first rice processing plant by any Indian foods brand in Europe. The Company would be manufacturing a wide range of rice including popular varieties like Basmati, Thai, Jasmine and American rice from the new plant. Rotterdam, which is popularly known as the gateway to Europe will be a critical geographical location. Ahmed Aboutaleb, Mayor, Rotterdam, Netherlands, said, "We are extremely happy to w...
Read more

German Cosmetic Brand, BeYu Plans To Launch 300 Stores

Image
German Cosmetic Brand, BeYu Plans To Launch 300 Stores German premium cosmetic brand, BeYu from the ARTDECO group, aims to launch 300 stores by end of FY 2017-18. Out of these 300 stores, BeYu will launch 20 company owned and 280 shop-in-shop stores, BeYu India spokesperson said. In March 2017, Be Yu entered Delhi in a partnership with Kaunis Marketing Services. The brand which has presence in 40 countries globally is looking to have its stores in cities such as Mumbai, Delhi, Lucknow, Kanpur, Chandigarh, Ludhiana, Pune, Nagpur, Ahmedabad, Baroda, Surat, Bengaluru, Hyderabad, and Kolkata among other. Ajay Ghooli, Managing Director, Kaunis Marketing Services, said, "By the end of this year BeYu plans to have approximately 300 stores across cities including Mumbai, Delhi, Lucknow, Kanpur, Chandigarh, Ludhiana, Pune, Nagpur, Ahmedabad, Baroda, Surat, Bengaluru, Hyderabad, and Kolkata."
Read more

Flipkart, Walmart To Complete $7-Bn Deal, Valuation To Reach $20 Bn

Image
Flipkart, Walmart To Complete $7-Bn Deal, Valuation To Reach $20 Bn In a move to put other E-commerce players in competition US retailer Walmart Inc. is in talks to spend about $7bn to become top investor in India’s leading e-commerce company, a move that would put the US retailer in competition with Amazon.com Inc. in one of the most promising online retail markets. The deal would give Walmart a major stake in an emerging e-commerce market of 1.3 billion people if the conclusion stays positive. The Bentonville, Arkansas-based retail giant plans to buy a third of Flipkart Online Services, in part by purchasing stakes from Tiger Global Management and SoftBank Group Corp., said the people wishing anonymity. The deal may push the valuation of homegrown startup to about $20bn, up from about $12bn last year. Flipkart which itself is facing challenge from Amazon may gain sales after being backed from Walmart. Founder Jeff Bezos has already pledged to invest $5.5bn in India and in...
Read more