India’s unicorns and soonicorns, flush with money, are chasing top talent like never before to keep up with their rapid growth. In India, around 130 unicorns and soonicorns are expected to hire twice as many CXOs in 2022 as they did in 2021.
According to Xpheno, a specialist staffing firm, these 130 unicorns and soonicorns are likely to hire 100 to 120 CXOs in 2021, compared to 50 in 2021. Xpheno mapped 400 CXOs across 75 unicorns and over 50 soonicorns for this survey, capturing their professional profiles in order to determine the onboarding time for their current roles.
“CXO hiring in 2022 by Indian unicorns and soonicorns will be driven by heightened IPO aspirations, amplified investor interest and deployment of capital received in 2021,” said Xpheno cofounder Kamal Karanth.
Companies like Meesho, Licious, DealShare, Games24x7, Good Glamm, and Byju’s are all hiring leaders among the unicorns and soonicorns. According to Meesho’s chief human resources officer (CHRO) Ashish Kumar Singh, the company will hire at least three CXOs for new businesses and divisions this year.
Top talent search firms such as Korn Ferry and Transearch have also seen a 100% jump in search mandates from unicorns and soonicorns over the past few months.
Hiring by matured startups in the digital and ecommerce space is on fire, said Navnit Singh, chairman and regional managing director, Korn Ferry India.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php
