upGrad acquires WOLVES Recruitment firm to become the largest tech-talent powerhouse
Mumbai, July 15, 2022: upGrad Rekrut a 100% subsidiary of global higher-Ed major upGrad announced the acquisition of WOLVES India, a Recruitment and Staffing firm for an undisclosed amount.
The Bengaluru-based 7-year-old WOLVES India specialises in placing high-quality Tech talent across startups, along with mid and large-sized organisations in India and overseas. With 70 professionals, WOLVES has closed over 5000 placements in technology and product roles.
It has also been addressing complex hiring challenges across the aero-space segment through its proprietary product – Quasara, thus helping global businesses to set up their offshore centres.
Commenting on the development, upGrad Co-founder & MD, Mayank Kumar said, “Our acquisitions reflect our commitment to drive career outcomes for our learners. While with upGrad Rekrut we saw our learners receiving record-breaking CTCs during FY22, the joining of WOLVES India will give us an edge in the tech ecosystem. It shall foster wider employment opportunities for our learners in the form of highly paid tech roles and enhanced career acceleration.”
The Tech industry in India will continue to observe steady demand for skilled talent and is expected to become a $350 billion market by FY26. “We are thrilled to welcome Raghu and his team on board to partner with upGrad Rekrut to offer an enhanced placement portfolio, thus enabling upGrad learners with the Tech jobs of tomorrow. This aligns with our ambition of becoming the global talent superpower in the next few years,” said Ajay Shah – Managing Founder and Husain Tinwala – Co-founder of upGrad Rekrut.
WOLVES India will continue to operate independently under the leadership of its Founder and Director Raghu S. He further added, “WOLVES’ passion lies in enabling the perfect matchmaking between corporates and the right set of talent through analytics, market research and innovative strategies. Therefore, I’m confident that WOLVES India will support upGrad to present world-class tech job opportunities to its learners and together with upGrad Rekrut create a market leader in Tech hiring.”