Info Edge (India) Limited, which operates India’s largest recruitment portal Naukri.com, has entered into an agreement to acquire 100 percent of the share capital of Zwayam Digital Pvt Ltd.
Zwayam Digital Pvt Ltd operates Zwayam, an AI and ML powered recruitment management SaaS platform, which helps enterprises streamline and automate the entire recruitment workflow from sourcing to on-boarding. The Bangalore based company was founded in 2015 by Joseph John, Nicel KM, Divya T and Shreyas Tonse.
Zwayam has powered the digital transformation of the recruitment process of many enterprises and will continue to do so as a part of Info Edge. It will maintain its independent identity and continue exhibiting the same excellence in serving its customer like it has always done. Zwayam will leverage the InfoEdge experience, ecosystem and resources and invest more in the business to serve both existing and future customers even better, Info Edge said in a statement.
“We are very much excited and look forward to the next phase of our journey with Info Edge. Info Edge will provide us with the necessary expertise and resources we needed to support our customers better. Together we would be able to serve 100% of our customer needs”, said Joseph John, CEO, Zwayam.
“Zwayam has built a great recruitment automation product which serves the needs of the enterprise customers well. This acquisition will supplement and complement Info Edge’s current recruitment offerings and help it cement its position as a leader in the enterprise recruitment solutions market”, said Hitesh Oberoi, Co Promoter, MD and CEO of Info Edge.