Jobsearch portal Monster rebranded as Foundit, becomes talent management portal

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Monster.com, India’s second-largest job search portal, has rebranded itself as Foundit and will become a deep-tech powered talent management platform as a part of the exercise.

Under the new platform, the candidates will receive results and recommendations that are curated to their educational background, employment experience and skills. Other features include community-led mentorship marketplace, skills validation through assessments, mobile-first user interface and upskilling courses, the company said.

“Over the last couple of years, organisations experienced everything from the Great Resignation and the Great Regret leading to mass hiring at an unprecedented pace. But now as the market settles, hiring is going to be a lot sharper, focused and skill based. Such precision can only be achieved through the combination of human ingenuity and technology and this is what we have to offer our recruiters and job seekers through
foundit.in,” said Ajit Isaac, founder and non-executive chairman of Quess Corp and
foundit.in.

As per September quarter results, Monster witnessed its highest-ever new user acquisition with 1.8 million registrations in the reporting quarter while its six-month active user base stood at 17.3 million. It clocked total sales of Rs 33.1 crore, up 37% on year, while Quess Corp quarterly revenue came in at Rs 4,273 crore.

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In 2018, parent Quess Corp acquired Monster Worldwide’s Asia Pacific and Middle East businesses as a strategic investment to strengthen its human resources services portfolio. Last year, Monster raised Rs 137.5 crore in a funding round led by investors Akash Bhanshali of Volrado Venture Partners and Mohandas Pai of Meridian Investments to fuel its product-led offerings and market expansion.

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