About Rekrut
Rekrut is a company based in Mumbai (India) founded in 2020 by Husain Tinwala was acquired by upGrad in December 2020.. The company has 448 employees as of March 30, 2024. Rekrut has completed 1 acquisition, including Wolves. Rekrut operates in a competitive market with competitors including TeamLease, Able Jobs, Randstad India, NetAmbit and Xpheno, among others.
- Headquarter Mumbai, India
- Employees 448 as on 30 Mar, 2024
- Founders Husain Tinwala
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Sectors
Business Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Rekrut India Private Limited
- Date of Incorporation 03 Aug, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$4.57 M (USD)69.19as on Mar 31, 2023
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Net Profit
$-854.51 K (USD)-174.95as on Mar 31, 2023
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EBITDA
$-572.2 K (USD)-102.96as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
448
as on Mar 30, 2024
- Investments & Acquisitions
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Acquired by
upGrad
(Dec 15, 2020)
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Funding Insights of Rekrut
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rekrut
Rekrut has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include upGrad. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Professional certification training courses are provided via an online platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rekrut
Rekrut has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wolves. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A recruitment firm focused on talent acquisition worldwide.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rekrut
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rekrut Comparisons
Competitors of Rekrut
Rekrut operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TeamLease, Able Jobs, Randstad India, NetAmbit and Xpheno, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Staffing and recruiting services connect employers with job candidates.
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| domain | founded_year | HQ Location |
Online candidate assistance is provided through tools and training platforms.
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| domain | founded_year | HQ Location |
Recruitment process outsourcing services are provided to clients.
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| domain | founded_year | HQ Location |
Sales, recruitment, payroll, and learning management services are provided.
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| domain | founded_year | HQ Location |
Provider of recruitment and technology consulting services
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| domain | founded_year | HQ Location |
Provider of recruitment and staffing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rekrut
Frequently Asked Questions about Rekrut
When was Rekrut founded?
Rekrut was founded in 2020.
Where is Rekrut located?
Rekrut is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Rekrut have?
As of Mar 30, 2024, the latest employee count at Rekrut is 448.
What is the annual revenue of Rekrut?
Annual revenue of Rekrut is $4.57M as on Mar 31, 2023.
What does Rekrut do?
Rekrut, founded in 2020 in Mumbai, India, focuses on providing business support, hr services, and recruitment services. Provider of HR consulting services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Rekrut?
How many acquisitions has Rekrut made?
Rekrut has made 1 acquisition, including Wolves.
Who are Rekrut's investors?
Rekrut has 1 investor. Key investors include upGrad.
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