Latest News – India’s largest e-commerce marketplace Flipkart is returning to the job market with an intent to hire 1,200 people this year, potentially sparking the revival of confidence in India’s startup sector.
Seen as a torchbearer, the loss of investor confidence in Flipkart last year sparked off a chain reaction in India’s startup sector. Now flush with $1 billion in fresh funding, albeit at a lower valuation, the company’s narrative could have a positive effect on India’s ecosystem.
“In 2017-18, we are certainly looking to increase the headcount by 20-30% higher than the previous year,” Nitin Seth, Chief Operating Officer at Flipkart, told the Financial Express. “We will hire more people to expand our supply chain network… our engineering and technology team and…new categories like large appliances, consumer electronics, furniture and grocery.”
Flipkart’s plans call for hiring employees on permanent rolls, unlike in the past 12 months where it sought to bring in temporary workers to fulfill only peak season demand. The move will once again push the company’s permanent headcount close to 10,000 people, which had dropped in the past one year.
“We are looking to aggressively grow our supply chain network as we are (Read More)