Hudson Global Inc., which runs the global total talent solutions platform Hudson RPO, on Tuesday announced the acquisition of Hunt & Badge Consulting Pvt. Ltd (H&B) in an undisclosed cash deal.
The acquisition will help it expand its footprint in the Indian recruitment market. H&B’s dedicated and experienced delivery team makes it a natural fit for Hudson RPO, the company said in a release.
“We believe this accretive combination (H&B) will generate considerable value for our clients, team, and stockholders,” said Jeff Eberwein, chief executive officer, Hudson RRO.
Hunt & Badge was founded in 2013 by Pichumani Durairaj, who has two decades of experience in the recruitment industry. The Chennai-based startup offers recruitment services to its clients, which include startups, multinationals and more.
“This acquisition is going to help us in many ways, especially in expanding the team and our operations across different industry verticals globally,” said Durairaj, chief executive officer of Hunt & Badge.
H&B claims to have helped multiple startups in building their teams, sometimes right from scratch in the same or different locations.
In the past few years, HR tech platforms have gained venture capital attention. As a result, several early-stage startups in this space are receiving big cheques from marquee investors.
For instance, early this year, Tata Capital Growth Fund II, the flagship private equity (PE) fund of Tata Capital, invested $10 million in ZingHR, which offers end-to-end employee lifecycle management services to its clients.
Another HR tech startup which raised funds in 2022 is Phenom People Inc. WestBridge Capital had led a $30 million Series C round in the US-based human resources technology company. AllianceBernstein LP and existing investors AXA Venture Partners, Sierra Ventures, Omidyar Technology Ventures, Sigma Prime Ventures and Karlani Capital also participated in the round.
