Monster.com Raises Rs. 137.5 Crore from Mohandas Pai and Others

Monster.com, the online job platform has announced that it has raised Rs 137.5 crore in the funding round led by Mohandas Pai of Meridian Investment and Akash Bhansali of Volrado Venture Partners along with the participation of its parent company, Quess.

The platform will use the raised funding to enhance the product development and marketing in India, South East Asia, and Middle East markets. The company has raised its valuation to $100 million with the funds collected in this funding round.

The CEO, Sekhar Garisa has said that the last year has been incredible for the company. The company has an exciting product and business road map in line with the view on evolving the hiring in future years. Monster.com has over 60 million users in India.  

Quess Corp, the business service provider acquired Monstor.com’s businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the UAE, and the Kingdom of Saudi Arabia for an investment of Rs 145 crore.