Ronnie Screwvala-led upGrad buys Bengaluru-based recruitment and staffing firm Wolves India

14 Jul 2022 , 01:56 PM

In the Indian startup ecosystem, upGrad Rekrut, a 100% subsidiary of online higher education platform major upGrad, on Thursday announced it has acquired recruitment and staffing firm Wolves India.

Further, the Bengaluru-based Wolves India specializes in placing high-quality tech talent across startups, along with mid and large-sized organizations in India and overseas.

In addition to this acquisition, upGrad Rekrut witnessed its learners receiving record-breaking CTCs during FY22 and thus the joining of Wolves India will give the firm an edge in the tech ecosystem. With 70 professionals, Wolves India has closed over 5,000 placements in the technology and product roles.

“Wolves India will operate independently as a subsidiary of UpGrad Rekrut and strengthen its tech placement portfolio”, said Mayank Kumar, Co-founder and MD, upGrad.

In the statement by Wolves India, Raghu S, Founder and Director said, “We 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.”

Notably, the acquisition deal amount has been not disclosed by any of the officials of both the firms yet.