your password has been reset successfully, Please login again.

US PE Firm Turn/River Capital buys HR tech startup Recruiterbox

US PE Firm Turn/River Capital acquires the US and Bengaluru based HR tech startup Recruiterbox.
BY BEx Bureau
BusinessEx
Mar 05, 2018

Indian online recruitment market is growing 12 percent year on year basis, as per recruitment platform Monster report. In this market, the recent development is that a US-based PE firm Turn/River Capital has acquired the US and Bengaluru based HR tech startup Recruiterbox for an undisclosed amount in an all-cash deal, as per ET reports.

The US-based Turn/River Capital provides funding to help bootstrapped, growing, technology and SaaS-based companies. The firm has previously acquired other HR tech companies like ReviewSnap and Trakstar under the ATSI banner.

With this acquisition, the PE firm strategy is to build a suite of HR technology products. The startup will merge under the Applied Training Systems Inc (ATSI) banner of Turn/River Capital.

In 2011, the SaaS-based HR tech startup was founded by Girish Redekar,Raghuveer Kancherla, andRaj Sheth. The bootstrapped startup provides applicant tracking system to help growing companies manage their incoming job applications.

Redekar said, Everyone in the team continues to work in exactly the same roles as before. Turn/River Capital will help with its expertise on the sales and marketing side in accelerating the growth of SaaS companies. The cherry on the cake is that everyone in the team receives stock options in the new combined entity.

Please add your Comment
SIMILAR News
October 19, 2018
With this acquisition, IIFL Wealth will increase its client base, and will expand its portfolio mana ...More
By Vaishnavi Gupta
October 18, 2018
This is the second acquisition of InMobi in 2018, after it bought AerServ in January for $90 million ...More
By Vaishnavi Gupta
October 17, 2018
The Mumbai-based enterprise security company will make the investment through its wholly-owned subsi ...More
By Vaishnavi Gupta
October 16, 2018
This is the second acquisition of DailyNinja in Hyderabad after the acquisition of 4amShop in August ...More
By Vaishnavi Gupta
October 13, 2018
With this acquisition, the Bengaluru-based mobile entertainment services company will expand its bus ...More
By Vaishnavi Gupta
October 12, 2018
As part of the deal, Advent purchased entire 40% stake held by Indian PE firm Kedaara Capital and a ...More
By Vaishnavi Gupta
October 11, 2018
Future Enterprises will pay Rs 20 crores for the stake and Rs 5 crores additionally, if required. ...More
By Vaishnavi Gupta
October 11, 2018
The acquisition will help MobiKwik to strengthen its foothold in the digital financial services sect ...More
By Vaishnavi Gupta
October 10, 2018
The combined entity will be providing a comprehensive solution to convert waste plastic into valuabl ...More
By Vaishnavi Gupta
October 09, 2018
The company is expecting that the AP unit will help it to strengthen its presence in the highly comp ...More
By Vaishnavi Gupta
October 09, 2018
With the acquisition of Two Roads, Hyatt will expand its brand presence into 23 new markets. ...More
By Vaishnavi Gupta
October 08, 2018
The acquisition marks Mercer's entry into the global talent assessment market. ...More
By Vaishnavi Gupta