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News on Medial
Notion to up India presence, to hire more
Economic Times
·
1y ago
Medial
Notion, a San Francisco-based work collaboration software provider, plans to expand its presence in India over the next two years by increasing its headcount to 110 employees. The company recently opened a new office in Hyderabad and aims to focus on engineering, product management, data, customer support, and other functions in India. Notion sees India as a strategic location for technology and research development and already employs engineers in San Francisco, New York, and Hyderabad. Currently, India contributes to 10% of Notion's global workforce.
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Flipkart to hire 5,000 employees in 2025 amid push into quick commerce, AI, and fintech
YourStory
·
2m ago
Medial
Flipkart plans to hire 5,000 employees in 2025 to expand its presence in key areas like hyperlocal delivery, fintech, and AI, announced at an internal townhall. The hiring supports Flipkart Minutes and Super.money, targeting an IPO and legal domicile shift to India. Emphasizing upskilling and rapid scale-up, CEO Kalyan Krishnamurthy highlighted 20-25% growth in customers, aiming for 800 dark stores for quick commerce. Financial discipline focuses on reducing monthly cash burn.
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Ola has no Foxconn-like policy to not hire married women: Bhavish
Money Control
·
1y ago
Medial
Ola CEO Bhavish Aggarwal said the company has "no policies like Foxconn to not hire married women". "Women are more disciplined and dexterous. We will continue to hire women workforce within our facilities," he said. A Reuters report recently claimed that Foxconn doesn't hire married women in India. However, the allegations were denied by the company.
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Salesforce India revenue grew over 50% in FY23, India growth good; company to expand ops in Bengaluru
Economic Times
·
1y ago
Medial
Salesforce India reported a 50% increase in revenue in FY23, amounting to over Rs 6,000 crore. The country's growth has exceeded expectations amid a global slowdown and demand downturn in technology spending. The company plans to expand its office presence in Bengaluru and continue hiring in India. Salesforce had established a center of excellence in Hyderabad earlier this year and currently has over 10,000 employees in India, compared to 2,500 in 2020. Despite previously announcing layoffs, the company now plans to hire more than 3,300 employees for various roles.
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Fuji Electric keen to expand presence in India with a larger factory
Economic Times
·
1y ago
Medial
Japanese industrial automation solutions provider, Fuji Electric, is set to expand its presence in India and increase its investments in the country. The company is planning to double down on its supply chain operations and is eyeing Tamil Nadu as its preferred location for a larger factory. Fuji Electric recently invested INR 150 crore in a new factory in Chennai and their parent company in Japan is expected to invest up to $200 million by next year. The company also intends to hire local talent and export its products manufactured in India to the APAC region.
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Logistics Intelligence platform ClickPost raises $6M in a Series A round
IndianStartupNews
·
1y ago
Medial
Logistics Intelligence platform ClickPost has raised $6m in a Series A funding round led by Inflexor Ventures Partners and Athera Venture Partners. The Indian start-up combines multi-carrier integration with post-purchase experience services to improve online retailers' shipping processes. Since launching in 2017, the company has been used by more than 300 firms across India, North America, APAC and the Middle East. It plans to use the fresh funding to launch new AI-driven modules, expand globally and hire more staff.
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Aramco's VC arm building India team; IndoSpace eyes $800 mn InvIT
VCCircle
·
1y ago
Medial
Saudi Aramco's venture capital arm, Prosperity7 Ventures, is expanding its presence in India and looking for early-stage investment opportunities in the country. The unit, which has over $3 billion in assets under management globally, is in talks to hire a leader for its India operations. Meanwhile, IndoSpace is aiming to raise $800 million through an infrastructure investment trust (InvIT) to fund its logistics real estate projects in the country.
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Meta is planning to expand physical stores and hire retail workers: Business Insider
Economic Times
·
2m ago
Medial
Meta plans to expand its physical retail presence and hire more retail staff, potentially mirroring Apple's retail success, according to Business Insider. The initiative aims to boost sales of Meta's hardware products, like smart glasses. Currently, Meta has a single physical store in Burlingame, California, which opened in 2022. The strategy focuses on allowing customers to experience Meta's technology firsthand, enhancing appreciation and encouraging word-of-mouth promotion.
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Japanese PE Advantage Partners set for India play, hires ex- Apollo Global exec to lead
VCCircle
·
1y ago
Medial
Japanese private equity firm Advantage Partners has hired a former executive from Apollo Global to lead its expansion into the Indian market. Advantage Partners focuses on mid-market investments in Japan and other Asian economies. The firm recently launched its first Asia (excluding Japan) buyout fund worth $380 million. With its new hire, Advantage Partners aims to strengthen its presence and capitalize on investment opportunities in India.
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The difference between diversity hiring and a 'diversity hire'
Internet
·
1y ago
Medial
The article discusses the challenges and strategies associated with diversity hiring. It distinguishes between 'diversity hiring,' which aims to attract and retain qualified candidates by correcting biases, and the problematic notion of a 'diversity hire,' which can undermine the perceived value of employees from diverse backgrounds. The piece emphasizes the importance of treating all employees as individuals with unique skills and experiences, rather than mere fulfillments of diversity quotas. It also highlights the broader benefits of diverse teams, such as increased productivity and better decision-making, and offers guidance on implementing effective diversity and inclusion strategies within organizations.
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HR-Tech InCruiter secures Rs 11 Million from revenue-based financing platform GetVantage
OutlookIndia
·
1y ago
Medial
Bangalore-based HR-tech startup InCruiter has secured Rs 11 million in revenue-based funding from GetVantage. The funds will be utilized to enhance the company's offering as a one-stop solution for businesses seeking to hire talent efficiently. InCruiter has already received support from the Indian government's Start-Up India Scheme and has developed an AI-based process to streamline the interview process, saving significant HR time. The company aims to expand globally, onboard more clients, and automate processes with the newly raised funds.
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