Taggd Company Profile

Background

Taggd is a digital recruitment platform that provides ready-to-hire talent to Indian enterprises. By combining human expertise with data-driven insights, Taggd has successfully fulfilled talent mandates for over 100 clients, facilitating the placement of more than half a million candidates across 14+ sectors. The company's mission is to connect individuals with opportunities, aiming to fulfill 1 million jobs through its platform by 2025.

Key Strategic Focus

Taggd's strategic focus centers on revolutionizing the recruitment landscape through digital solutions. The company specializes in Recruitment Process Outsourcing (RPO), offering comprehensive recruitment solutions across various industries, including technology, engineering, pharmaceuticals, and automotive. By leveraging data intelligence and a robust technology stack, Taggd aims to streamline the hiring process, reduce time-to-fill, and enhance the quality of hires for its clients.

Financials and Funding

While specific financial details are not publicly disclosed, Taggd has demonstrated significant growth and market presence. The company has received investments from notable firms such as Multiples Alternate Asset Management and HDFC, supporting its expansion and technological advancements.

Pipeline Development

Taggd continually enhances its recruitment solutions by integrating advanced technologies and methodologies. The company focuses on developing data-driven recruitment strategies, improving candidate experience, and expanding its talent network to meet the evolving needs of its clients.

Technological Platform and Innovation

Taggd differentiates itself through its proprietary digital recruitment platform, which combines data analytics with human expertise. Key technological innovations include:

Data Intelligence: Utilizing data analytics to identify optimal talent pools and streamline the hiring process.

Digital Sourcing: Implementing digital tools to source and engage candidates effectively.

AI/ML Integration: Incorporating artificial intelligence and machine learning to enhance candidate screening and matching processes.

Leadership Team

Devashish Sharma: Founding Member & CEO. Devashish leads the company's strategic vision and operations, ensuring alignment with market demands and technological advancements.

Manish Gupta: Chief Growth Officer. Manish drives the company's growth initiatives, focusing on market expansion and client acquisition.

Vishal Bhardwaj: Chief Digital Recruitments. Vishal oversees the digital recruitment strategies, integrating technology to enhance recruitment processes.

Anshuman Srivastava: Chief Customer Success. Anshuman ensures client satisfaction and success through tailored recruitment solutions.

Vivek Sethi: Head of Product. Vivek leads product development, focusing on technological innovation and platform enhancement.

Kamakshi Pant: Chief Business Officer. Kamakshi manages business operations, aligning them with the company's strategic goals.

Amit Jain: Chief People Officer. Amit focuses on fostering a people-first culture and enhancing organizational excellence.

Leadership Changes

In 2019, PeopleStrong rebranded its recruitment business as Taggd, with Devashish Sharma taking the helm as Founding Member and Chief Business Officer, later becoming CEO. This strategic move aimed to focus on the growing recruitment market and drive innovation in digital recruitment solutions.

Competitor Profile

Market Insights and Dynamics

The recruitment market for permanent hiring in India is estimated at approximately $1.8 billion, with the RPO segment experiencing rapid growth. The increasing adoption of digital recruitment solutions across various sectors has intensified competition among service providers.

Competitor Analysis

Key competitors in the RPO and digital recruitment space include:

Upwork: A global freelancing platform connecting businesses with independent professionals.

Fiverr: An online marketplace offering freelance services across various categories.

Toptal: A network of top-tier freelancers specializing in software development, design, and finance.

Bark.com: A platform connecting service providers with clients seeking various services.

Strategic Collaborations and Partnerships

Taggd has established significant partnerships to enhance its service offerings:

Cielo: An international alliance to expand global recruitment capabilities.

Wheebox: A global talent assessment partnership to improve candidate evaluation processes.

Multiples Alternate Asset Management: Investment partnership to support growth and innovation.

HDFC: Investment partnership to bolster financial strength and market position.

Operational Insights

Taggd's strategic considerations include:

Market Position: As a leading RPO provider in India, Taggd holds a significant market share and aims to increase it further.

Competitive Advantages: The company's integration of data analytics, AI/ML technologies, and a robust digital platform sets it apart from competitors.

Client Portfolio: Serving over 100 clients across 14+ sectors, including prominent brands like Honeywell, Wipro, Mahindra & Mahindra, Tata Motors, Oyo, Swiggy, and Renault Nissan.