According to people familiar with the management, confirmed that the CandyDate Jobs is the eye candy of lot of private equity investors these days and the management of the firm is actively meeting each one of them.
The market capitalization of 100 membership units of the firm is hovering around $88 million which may surpass US $500 million if the management executes everything as planned and the set of right investors falls in place. The CEO of the company Rahul Malhotra declined to comment on the future plans of the firm, however he assured of a bright future.
“The team of CandyDate Jobs is highly energetic, Rahul (CEO of CandyDate Jobs) remains always in hurry and the best thing about him is he knows how to execute the plans on paper. No stupidity only work is his motto,” said David McLeod, Partner Deberry Ventures who invested in the early growth stage of CandyDate Jobs. The net worth of Rahul Malhotra soared to US $32 million on the basis of his holding of 40 membership units in the firm.
CandyDate Jobs will launch its online job portal candydatejobs.com in May this year and plans to add fresh 60 million CV’s from India.
“There are lot of investors who are eager to enter CandyDate Jobs, it is a hot property and obviously who can dare to miss this golden investment opportunity,”
CandyDate Jobs will revamp its management and will bring ex-officials of the established human resource companies to run the show. The partners may transfer a major chunk of their holdings to the new entrants in the firm.