Worried about securing a job? Try these top Indian startups. Yes, Snapdeal, Paytm, Flipkart, ShopClues, Zomato, Ola are offering jobs. While there are many people who refrain from working in a startup due to many reasons, a study revealed that job postings by top Indian startups that are valued at over $1 billion are dangling jobs big time. According to data released by Indeed, a global job site, more than half of all job postings by top Indian startups with a valuation of over $1 billion are for fresh graduates. It further states that top e-commerce websites including Snapdeal, PayTM, Flipkart and ShopClues make up for about 90 per cent of job postings. These 4 websites are collectively known as the ‘four unicorns’. A ‘unicorn’ basically means a start-up company which is valued at more than a billion dollars in the software and technology sector.
The data states that by the year 2026, the e-commerce market in the country is expected to grow at 30 per cent a year and attain a valuation worth $200 billion. It adds that a boom is expected in the businesses of companies like Snapdeal, ShopClues, and Flipkart. Other companies, like digital service providers PayTM and Zomato as a result of the PM Narendra Modi’s demonetisation drive are rising due to a push that has been made towards cashless transactions, and increasing mobile literacy. When talking numbers, the report states data that shows that Snapdeal topped the charts in terms of percentage of total job postings with 53 per cent. It was followed by PayTM at 23 pct, then by ShopClues at 11 per cent, follwed by Flipkart at 4 per cent, Zomato at 4 per cent, Ola Cabs at 3 per cent and InMobi at 2 per cent.
Sashi Kumar, the Managing Director of Indeed India while talking about it said, “Indeed’s latest study reveals that more than half (57 per cent) of all job postings by unicorns are for fresh graduates. This is encouraging for millions of young freshers looking to jumpstart their careers with young companies, and being a part of the exciting startup ecosystem.” He added that their initial study on job flexibility also indicated a trend toward contractual hiring in these firms. He said that this indicates toward the new age job seeker’s desire to create a work-life balance.
The study on which the above data is based included an analysis of job postings from Flipkart, Hike Messenger, InMobi, Mu Sigma, Ola Cabs, PayTM, ShopClues, Snapdeal, RenewPower and Zomato, which were identified as the top Indian startups valued at over USD 1 billion. The study considered job queries posted within the timeframe of October 31, 2016 to October 31, 2017.