Monster.com raises $18.3M in funding

Platform for online job postings Monster has raised Rs 137.5 crore from Volrado Venture Partners, Meridian Investments, and its parent firm Quess in an investment round valued at close to $100 million.

Volrado is led by Enam Holdings’ Akash Bhanshali, while Meridian is TV Mohandas Pai’s investment office.

In 2018, Quess bought Monster.com’s operations in India, Singapore, Malaysia, the Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the United Arab Emirates, and Saudi Arabia. In India, Monster.com has over 60 million active users.

Commenting on the funding raised by Monster.com, Ajit Isaac, Executive Chairman, Quess Corp, said, “When Quess acquired Monster for an investment of Rs 145 crore, we embarked on a ‘Digital First’ journey with the objective of creating long term value for our shareholders and clients. This investment represents the validation of progress that has been made by the team and the capital infused will accelerate the transformation towards building Monster into a category defining company.”

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