Lenskart, the Indian eyewear Omni-channel retailer has acquihired HighApe in January 2021 foraugmenting its tech abilities through an acquihiring transaction facilitated by Acquihire.in. The Founders along with the team have now joined Lenskart.
HighApe was co-founded by DS Aman and Prasun Dubey in October 2015. It is a leading Indian go-out app helping people to discover local experiences according to their location, interest, and social circle. The Experience Discovery Startup witnessed considerable growth since inception at the rate of 50,000 to 70,000 users per month, and the platform also acquired listings of 18,500 plus experiences.
Acquihiring is the buzzword today not only with leading corporate firms but equally with Startups. It has emerged as the smart strategy for effectively recruiting the best talents in large numbers while saving time and resources.
The high-tech space is increasingly witnessing acquihiring deals today and one of the chief reasons is that skilled Developers and Programmers prefer Startups over larger corporations. The driving motivation for the leading companies to opt for this talent acquisition route is the technical skills and research and development forte of the talented team that it greatly requires.
Market leaders and giants in Tech, Internet, E-commerce, Retail, Fintech, and diverse sectors are always seeking a stronger competitive position and aim for innovation. They are now thus frequently acquiring small Startups chiefly for human capital through acquihiring. The synergy of the entire talented Startup team with the success of proven projects is what compelling these leading players to close more and more acquihiring deals.
More often than not, the Startup Founders along with the entire team join the acquiring company which means even the entrepreneurial leader is also on board. This is a double advantage for the larger firm as it gets the leader with entrepreneurial ideas and the ability to successfully lead the team through new-age innovations.
Both small and large organizations recognize the price of suboptimal team dynamics while understanding the value of stable and highly functional teams. Along with the cohesiveness and ability to perform, the acquiring firm is also attracted to the specific technical innovationspreviously delivered by the acquihired team.
ACQUIHIRE – Assisting market leaders to gain valuable top industry talents
Acquihire.in, an acquihiring practice of Talentiser has been constantly assisting leading corporations in cost-effectively identifying and acquiring prized technical talents through acquihiring deals. We have helped large Startups and companies in effective talent acquisition of already trained, top-performing teams with a proven track record.
On the other hand, several small Startups have been benefited by accessing successful and lucrative exit opportunities through our expert guidance and facilitation. Our specialized services include identifying and facilitating the incorporation of well-functioning and highly productive teams via acquihiring that boosts the talent base and existing tech know-how of the acquiring entity.
Tag: Lenskart, HighApe, Augment Tech