Jobstreet is an investee company of Walden International, a prominent VC fund. Jobstreet India has roped in a total of 22 corporate customers which includes names like HLL, Asian Paints, Citibank, MBT, Wipro, Electrolux, Microsoft, EID Parry and iFlex. The quality of business done is no longer measured by the resume database but by the quality of corporate clientele and the fill rates says Mr Khanna.
Fill rates refer to the number of positions that a site is actually able to fill.
Dwelling on the growth potential for the business in India, Mr Khanna said that Jobstreet India is likely to generate about 50 per cent of the total business for Jobstreet in the next two years. Currently Malaysia is the largest business generator for the jobs site with about 60 per cent of the business being generated in that country, according to Mr Khanna. Fill rates in Malaysia are about 23 per cent whereas in India they are still in the single digit according to Mr Khanna.