startup plans to hire 600 people across technology, product, operations, and customer service domains as it looks to expand its digital KYC and analytics solutions— the key growth drivers for the company—to a much larger portfolio of unsecured credit products.
The hiring will take place across all of the company’s locations — Chennai, Bengaluru, and Mumbai.
With the resurgence of the pandemic, the demand for digital alternatives is on the rise, and BankBazaar is ramping up its ability to deliver products that solve the most pressing needs of this period of flux.
“We are continuing to see an increase in the demand for innovative contactless solutions that make access to credit products easier and smoother, Sriram V., chief human resources officer at BankBazaar, told The Economic Times. “Given the growth momentum and the high resource utilisation we are seeing, we believe it is essential to shore up our strengths and build an even bigger team that is ready to meet every future challenge that comes our way.”
The company has also announced that it will be bearing the cost of vaccinating employees and their immediate family members, who are eligible according to government guidelines.
The company moved its corporate workforce to an entirely remote working model after the implementation of the coronavirus lockdown in March last year. And work from home (WFH) is likely to continue for the foreseeable future.
“With the second wave of Covid-19, the demand for innovation and disruption—especially in contactless lending—is only set to increase, and we are gearing up to meet this demand,” Adhil Shetty, co-founder and chief executive officer of BankBazaar said. “In this difficult time, as the need for easy access to emergency credit becomes paramount, we are working to ensure that there are as few roadblocks as possible.”
The company has so far raised $116 million in funding from investors such as Experian, Eight Roads, Sequoia India, Walden International, WSV, and Amazon.com Inc.