Bengaluru: Monster.com, India’s legacy job search portal, today announced a significant milestone in its journey as it transforms to a full-fledged talent platform.
Starting today, Monster will be known as ‘foundit’ with a new logo and vision, ushering in a new revolution in the job market.
Synonymous with recruitment, Monster has been serving more than 70 million job seekers and 10,000 customers spread across 18 countries. As the company now transforms itself to an end-to-end talent platform, it will offer comprehensive solutions to recruiters and highly personalised and contextual services to job seekers across Asia Pacific and Middle East. The transition is in line with the company’s mission towards connecting the right talent with the right opportunities.
Speaking at the new brand unveiling event, Sekhar Garisa, CEO foundit (previously Monster) said, “Technology is leading disruption across sectors and Talent Acquisition is no exception. The pandemic has fundamentally changed the way we work and the way we hire. We have been privileged to witness the talent acquisition landscape evolve over the last three decades, giving us an unparalleled depth of insights into recruitment. The platform of the future needs to cater to a highly dynamic job market, skill-based hiring & changing expectations from careers. We are excited to unveil a new direction for Monster from simply facilitating job and candidate discovery to enabling significantly better talent management outcomes.”
Commenting on foundit.in’s role in realising its parent Quess Corp’s future-forward strategy, Ajit Isaac, Founder and Non-Executive Chairman of Quess Corp and foundit, added “Over the last 15 years, Quess has been known for its service led offerings that have won the confidence of its associates and customers alike. As an institution, steadfast on our commitment to formalise jobs in India, we have been focusing on building a product-led portfolio that can help democratise access to formal employment across White, Blue and Grey collar workers. We acquired Monster APAC & ME with a vision to transform white-collar talent acquisition. Over the last couple of years, organisations experienced everything from the Great Resignation and the Great Regret leading to mass hiring at an unprecedented pace. But now as the market settles, hiring is going to be a lot sharper, focused and skill based. Such precision can only be achieved through the combination of human ingenuity and technology and this is what we have to offer our recruiters and job seekers through foundit.in.”
In 2018, Quess Corp acquired Monster Worldwide’s APAC & ME businesses as a strategic investment to strengthen its HR services portfolio, and has been operating in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, UAE and Saudi Arabia. In 2021 Monster raised ₹ 137.5 crore in a funding round led by investors Akash Bhanshali of Volrado Venture Partners and Mohandas Pai of Meridian Investments to fuel its product led offerings and market expansion.