 "Monster.com raises Rs 137.5 cr from Mohandas Pai and Akash Bhanshali")
Online recruitment firm Monster.com, a Quess company, announced that it has raised Rs 137.5 crore in a funding round led by prominent industry leaders – Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments) with participation from Quess.
Post the funding round, the company is valued at close to $100 million. The current close has been done at Rs 112.5 crore with an option built-in to expand the round to Rs 137.5 crore.
The funds raised will be utilised for enhanced investments on product development & marketing in India, SEA and Middle East markets. This investment will help Monster.com evolve from
