As new-age companies, flush with money, continue to hire, many of them are looking for senior talent outside of India.
Expansion into new geographies, especially for companies with a strong product-market fit, as well as a search for more developed skills in emerging technologies like blockchain, artificial intelligence, and machine learning, according to headhunters, are the driving forces behind this hiring. Hiring is primarily taking place in areas such as technology, product, design, and data science, where there is a talent shortage in India.
Classplus, an edtech firm, is looking for mid- to senior-level leaders in blockchain, a technology that is still in its infancy in India. According to Mukul Rustagi, cofounder, the firm is also looking for senior product design talent in Eastern Europe and is hiring entry to senior-level engineering talent for its newly opened Abu Dhabi office.
Livspace, which just became a unicorn with a valuation of over a billion dollars, is looking for senior talent to help it expand into new markets such as Southeast Asia, Australia, and Saudi Arabia.
According to Ashish Sanganeria, a senior partner at executive search firm Transearch, there has been a 30-40% increase in mandates from startups looking for global talent in the last year.
“Compensation at startups has gone through the roof, and many can afford to pay upwards of Rs 3 crore to bring people in from abroad,” he said. Among those looking at such talent are startups which are growing their international footprint as well as SaaS startups which get a big chunk of their revenues from markets such as the US.
Catenon, an executive search firm, is seeing more international searches this year than last. According to Gaurav Chattur, managing director – Asia Pacific, Catenon, there is an increase in mandates from fintech and edtech companies looking to expand in the US, Southeast Asia, and the Middle East markets.
Clear (formerly ClearTax) is on the lookout for talent to lead go-to-market strategy, design, and marketing, and the company is looking to hire senior executives from the Middle East, Western Europe, and the United States.
upGrad is expanding internationally, including in Asia Pacific, Europe, the Middle East, and Africa, and the United States, and is beefing up its support and business teams to keep up with high demand.
Professional networking firm Apna is looking to recruit more senior executives globally in technology, product, and data teams.
“Our mission of empowering a billion lives and creating a social impact has been attracting top talent from across the globe, including the US and UK,” said Manas Singh, chief business officer, Apna.
Anna Shaposhnikova was named vice-president of analytics, Europe, by 3SC, a supply chain solutions provider for the shipping and logistics industries, earlier this week. The Gurgaon-based tech firm is on the lookout for new talent in order to expand its global footprint.
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