JOIN USIndeed, the US-headquartered employment-related search engine for job listings, on Wednesday said top Indian unicorns are on a hiring spree and Snapdeal, Paytm, ShopClues and Flipkart comprise 90% of the hiring.
According to the research report published by Indeed, more than half of all job postings by these unicorns are for fresh graduates. A unicorn is a startup company valued at more than a billion dollars, typically in the software or technology sector.
Commenting on the report, Indeed India Managing Director Sashi Kumar said Indeed's latest study reveals that more than half (57%) of all job postings by unicorns are for fresh graduates.
"This is encouraging for millions of young freshers looking to jumpstart their careers with young companies, and being a part of the exciting startup ecosystem," he said.
The major finding of the study is that despite tumultuous journey in 2017, Snapdeal conducted more hiring than Flipkart.
As per the report, the hiring is primarily due to exponential growth in the Indian e-commerce market. It is expected to grow at 30% a year, and attain a valuation worth $200 billion by 2026.
"Our earlier study on job flexibility also indicates a trend towards contractual hiring in these firms, which reaffirms the growing affinity among today's new-age job seekers, who look at striking a balance in work- life integration," he said.
Snapdeal topped the chart in terms of percentage of total job postings at 53%, followed by PayTM at 23%, ShopClues (11%), Flipkart (4%), Zomato (4%), Ola Cabs (3%) and InMobi (2%) among others.
The study reveals that demonetisation and widespread use of mobile for transaction helped financial technology companies like Paytm to thrive on new business opportunities.
While the top four firms in terms of hiring together make up over 90% of all jobs posted, the region that saw maximum number of postings from these companies is Delhi NCR, with an overwhelming majority of 83%.
The study included an analysis of job postings within the timeframe of October 31, 2016 to October 31, 2017. The study also looked into job postings from Flipkart, Hike Messenger, InMobi, Mu Sigma, Ola Cabs, PayTM, ShopClues, Snapdeal, RenewPower and Zomato.