Cash-rich startups such as Healthians, Milkbasket, Cars24, Instamojo and Mo-Engage are expected to hire 50% more people in 2019 than they did this year, while matured players like Zomato<\/a>, Oyo and Swiggy are likely to increase in headcount up to 30% as they are targeting new markets, industry experts said.
“A majority of the new jobs will be in advanced technologies such as artificial intelligence (AI) and big data analytics, both of which are changing the employment ecosystem,” said KS Viswanathan, vice-president, industry initiatives, Nasscom<\/a>. “Tech startups would add over 40,000 additional new jobs in 2019.” According to the industry body, the number of startups has nearly doubled since 2015 with a 55% growth in jobs in those that raised funds in 2018.
Most companies are building their tech teams. “One of our core focuses for 2019 is to continue to build depth in our engineering and product teams across levels,” said Daminee Sawhney, vice president, human resources at Zomato.
In October, Ant Financial pumped in $210 million, giving it more fuel to expand to tier II-III cities. It is also taking premium subscription programme Zomato Gold to more countries.
Swiggy, which recently raised $1 billion in a round led by existing investor Naspers<\/a>, has increased headcount almost 140% in the past year. “In the coming year, we will be hiring the sharpest minds across business, sales, technology and for highly specialised roles like data sciences and AI,” said Girish Menon, vice-president, HR, Swiggy.
Oyo Rooms<\/a> chief human resources officer Dinesh R said it will “continue to invest in building capabilities across technology, operations, civil engineering while deep diving in data sciences, distribution and design and attracting world-class talent” in 2019. “Our target is to expand and strengthen the count of OYOpreneurs in our technology unit to 2020 by 2020,” he said.
Gurgaon-based Milkbasket, which raised an additional $7 million in a funding round last week led by US-based venture fund Mayfield Fund<\/a>, plans to treble its headcount in 2019 to over 3,000 employees. “Investment in technological advancements, growth of operations and territorial expansion are main reasons of hiring,” said Anant Goel, cofounder of Milkbasket.
Door-step health service provider Healthians, which hired about 150 people this calendar, would more than double hiring numbers for 2019, its founder Deepak Sahni said. Healthians raised over $4 million in July and is firming up another round as ET reported earlier.
Cars24, an e-platform to sell used cars, had raised about $50 million in July and has doubled headcount to 2,000 since. “In the next six months, we’re aiming to be over 3,000,” said cofounder Gajendra Jangid. Cars24 plans to add 100 techies in 2019 at mid and senior levels.
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