As the horizontal players like Alibaba and Tencent are grabbing major sectors in India, the local payers in the country are in no mood to leave the opportunity to seize whatever options available to them.
In a recent development Abhishek Goyal, founder of California-based startup Tracxn and Mekin Maheshwari, former highest-paid executive at Flipkart, have picked up stake in technology head recruitment startup Purple Quarter.
Both Maheshwari and Goyal are active startup investors. As Maheshwari has invested in a number of startups, including Xamcheck and Hansel while Goyal has backed Indifi Technologies and Travel Triangle in the past.
While commenting on the development, Maheshwari said that he was attached to Purple Quarter when he was working in Flipkart and the startup has helped him in many tech hires during his journey in Flipkart.
He pointed out that the newly backed platform will be much helpful in the future also.
Purple Quarter was incorporated around eight months ago by Deepak Singh Ahlawat. It enables companies to recruit technological heads within the least time. It also performs as a strategic partner and spends enough time with the owners and the potential talent to ensure to make an absolute certain decision on the proposal for hiring a talent.
The Bengaluru-based company claims to have sealed four hiring processes for technology head for companies, including a tech unicorn since its inception. It also claims to have mapped over 200 tech talents in last four months.
Hiring the best talent and creating a diverse workforce is a top priority for companies and arguably one of their biggest challenges.
Most of the tech startups using artificial intelligence (AI) to give employers the edge in the recruitment stakes. These techniques not only help the firms to find the talent but will also help them to grow eventually.
Meanwhile, let us see the Purple Quarter’s performance in the next months whether the tech startup develops under the new leadership or will die its own death.
The development was first reported by ET.