Techtribe.com Quits (looks for buyer) While FirstNaukri Begins..
The online jobs space is showing signs of slowing down and this was clearly pointed out by Sanjeev Bikhchandani on WATShow. This would have impacted the existing players who were focusing on jobs as a revenue segment was well known. But now things have become bad enough for funded players to throw in the towel. Techtribe a startup funded by Canaan Partners which we have covered many times of WATBlog before and which we hinted was seeing tough times. Now VCcircle reports that techtribe is probably looking for a strategic partner/buyer and has clearly stated that their business model was ‘not working out’. Pluggd had reported some time back that Rohit Agarwal had already moved on to another startup focusing on education space called tenmarks.
The Job refferal space has a few more players like Yellojobs, Reffster and even Brijj which is part of the naukri group and which also would explore jobs as a model given their background. This space is surely on weak turf right now given that jobs market is seeing a slowdown and it would last for sometime going by any indications that the market analysts are quoting from experts in business newspapers.
So while techtribe quit working things out Naukri has launched its fresher jobsite firstnaukri.com. When the announcement of Naukri looking to relaunch firstnaukri was announced we had done an analytical review of this freshers job market and outlined the challenges given my background with jobs4freshers.com.
One thing is for sure given the market scenario Firstnaukri would probably build the largest fresh database of freshers in no time at all. The challenge would be sales and monetization and redundancy of database. The redundancy would be taken care by shifting these same users to naukri but monetization may remain a big challenge for naukri given the current hiring scenario as well. Naukri would do well by building a community around firstnaukri and adding shiksha’s value added services around education which may plug in very well to the same as well. Lets see how if at all does first naukri ‘work out’.
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This is a normal story in the world of technology. Just look at where satyam online was before few months. But their side of story was different. Still due to this economic downfall many more harsher stories may be on they way too.