We’re talking about startups valued at over $1 billion-referred to as unicorns because such successful ventures are a rarity-that are on a hiring spree. Better still, more than half (57 per cent) of their job postings are for fresh graduates. The recent study by Indeed, a global job site, has also revealed that the four top unicorns, Snapdeal, PayTM, ShopClues and Flipkart, make up around 90% of all job postings. “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,” said Indeed India managing director, Shashi Kumar.
The report noted that there has been a boom in business for companies like Snapdeal, ShopClues and Flipkart. This is due to a prediction that the Indian e-commerce market will grow at the rate of 30 per cent a year until it reaches a valuation of $ 200 billion by 2026.
The report also highlighted that the National Capital Region saw the maximum number of postings from these companies, an overwhelming majority of 83%. Delhi/ NCR also witnessed the maximum proportion of part-time or flexible jobs. According to Kumar, their initial study on job flexibility also indicated a trend toward contractual hiring in these firms. This underscores the new age job seeker’s growing desire to create a work-life balance.
“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,” Kumar said.
Job postings have been highest at Snapdeal at 53 per cent of total jobs. This is closely followed by PayTM at 23 per cent, ShopClues at 11 per cent, Flipkart and Zomato at 4 per cent, Ola Cabs at 3 per cent and InMobi at 2 per cent. A maximum number of these postings were located in Delhi/NCR (at 83 per cent).