Speaking on the partnership, Sachin Gupta, CEO & Co-founder, HackerEarth said “HackerEarth has grown strongly over the last 4 years. We have worked with hundreds of customers, and have been able to help them significantly improve their technical recruiting process. We believe there is a huge opportunity in China and that we can create a massive impact by helping skilled software engineers connect with some of the most innovative companies. Monstar-Lab is the perfect partner for us to take our products to China as they have been part of the ecosystem for long and understand it well. We are quite excited about this partnership and look forward to strong business growth in China.”
China’s digital economy is likely to create 415 million jobs by 2035, according to forecasts by the Boston Consulting Group and Ali Research Institute. And as in any country, China faces challenges when it comes to technology recruitment. Most of the companies still follow the traditional way of hiring that involves sifting through resumes manually. This adds up on cost and time for most of them as they end up spending almost one month to select one candidate. Even after spending much time and resources the companies do face the risk of the candidate’s skill sets not matching the requirement. HackerEarth will help resolve all these issues not only by accelerating the technical hiring process, but also by improving the quality of candidates for employers, and providing a way for candidates to gain competitive edge during their career search journey.
Roger Lakhani, Global Head of Investments and Partnerships, Monstar-Lab said “With strong government-led initiatives and rapid innovation across the IT sector, IT continues to be a strong driving force within the China economy. We are excited to be able to work with HackerEarth to bring their platform to China, and thereby helping software engineers in China build up critical skills, helping IT departments in companies with talent assessment, and helping leading IT companies to leverage HackerEarth’s unique hackathon platform to foster innovation and talent build-up across their teams.”
HackerEarth has raised a total of USD 5 million till date from DICE Holdings, BEENEXT, BEENOS, Digital Garage, BizReach, and Prime Venture Partners.