How Indian unicorns have fuelled a 40pc spurt in hiring over the last three years

How Indian unicorns have fuelled a 40pc spurt in hiring over the last three years
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  • Apart from increasing their own valuation, these unicorns have over the last two years created 13,000 direct jobs, with technology and business development skills being the top two key focus areas of recruitment, according to a new report.
  • As more Indian unicorns (and soonicorns) continue to enhance their competitive technology fibre and differentiating sales ecosystem, employment acceleration observed is expected to continue into 2019 and 2020 across more new and non-traditional industry sectors," the Xpheno report says.
  • On the employment generated by unicorns, Kamal Karanth, Co-founder, Xpheno, says: "OYO has led the way, followed by Swiggy, Zomato, and Byju's in terms of direct full-time equivalent (FTE) additions.
  • Companies such as Oyo and Udaan, which received fresh funding in the last six months, have increased their hiring tempo, industry sources indicate.
  • Indirect employment impactAccording to BetterPlace, a platform that manages the life cycle of blue collar workers, around 1.7 million people are engaged in this segment with functions such delivery personnel, drivers, and security employees.


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