Press release
Deberry Ventures invests in CandyDate Jobs India
Steady Growth
Deberry Ventures has an option to offload its stake any time after 3 months. Deberry is expecting Return on Investment (ROI) of 45% in a year. CandyDate Jobs India was founded in 2009 and is planning to go public next year; according to the management company will seek an additional US $4.67 million or INR 25 crore for aggressive but sensible expansion. CandyDate Jobs India has a registered user base of 35,00,000 people in India and places nearly 5,000 people on jobs annually.
“We have invested in CandyDate’s strong business plan; the management is well educated and is found capable of executing business plans well. One good reason to invest was that they had zero debt on books and was fully self-funded,” said John Deberry, principal partner of Deberry Ventures.
CandyDate Jobs India is also in talks with Exhilway, Canada based wealth manager with a private equity fund of US $1 billion or INR 5,350 crore to raise some more funds before it goes for an IPO. “We needed funds immediately; the investment from Deberry is welcome,” said Garima Malhotra, Chairman of CandyDate Jobs India.
CandyDate Jobs India will foray into online education; the proceeds of fund raising program will go into building up of a strong team which can execute the on papers plans well.
CandyDate Jobs is the India's largest human resource consultancy with business operations in over 30 countries worldwide.
Tamiko Johnson
CandyDate Jobs
Levels 2
JMD Regent Square
Mehrauli-Gurgaon Road
Gurgaon
India
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