Belong.Education, an HR Tech startup, recently announced the acquisition of Pune-based internship placement platform InternIn for an undisclosed amount, in cash and stock.
Following the acquisition, InternIn founder Harshal Fuse is stepping down as CEO and will move on to begin his investment journey in search of the next big idea. Some of the core team members will join Belong. The company is also looking to hire more than 100 people across its manufacturing, engineering and sales team by March 2023.
Founded in 2020 by Harshal Fuse, with the aim of enabling students and professionals to connect with companies, InternIn is India’s second largest internship portal connecting students and professionals with companies, developing a unique platform for corporate engagement. The platform serves thousands of organizations and colleges worldwide to help students connect with companies and at the same time helps students prepare for internships in many sectors. Through its employment portal, InternIn connects internship seekers and job seekers from all over the world, in different industries.
InternIn helps students get a meaningful internship with their desired company and has over 1 million student assets on its platform, receiving 3.5 million monthly traffic from across India. The startup claims to provide students and job seekers from Tier-II cities in India a common platform to connect with startups for internships.
Commenting on the acquisition, Founder and CEO of InternIn, Harshal FuseHe said:
“InternIn was launched to revolutionize the intern hiring experience for startups through a high-quality product built around convenience and choice. InternIn has been on a high growth path over the past year thanks to our core team and continuous product innovation. The success of our venture has fueled the entrepreneur in us and we are now moving forward in search of the next big idea.”
Harshal further added:
“We have closely followed Belong’s journey and admire their operational expertise and how they have expanded their business across India. When we learned that they were looking at strategic acquisitions for growth, we believed the time was ideal to hand over the reins to the experienced team at Belong and become part of their rapidly evolving story.”
The company has been particularly helpful to students who graduated in times of crisis amid the pandemic to find advancement in the professional world. As a resource center for internships, it has partnered with several universities, including IITs and IIMS.
With this acquisition, Belong’s mission is to enable bias-free employability for ‘Bharat’s’ talent by integrating a robust AI-driven algorithm to accelerate opportunities for Tier-II and Tier-III India.
Belong Education, co-founded by Apoorv Bamba and Vidushi Malhotra, enables unbiased recruitment of graduate talent by building a first-of-its-kind skill passport for Bharat. In the last 18 months, the platform has placed 3000+ trainees through recruitment in the first place in skills in 10 countries.
Speaking of partnership, Co-founders of Belong Education, Apoorv Bamba and Vidushi MalhotraHe said:
“This acquisition would bring us closer to our mission of an impartial skills-based approach to employment. It will enable every student to unlock a career based on their skills and will not be restricted by redundant marks that exist especially in Tier 2-3 India. With this acquisition, InternIn will merge and operate under the name Belong Education.”
Belong Education currently runs graduate schools on more than 30 campuses and becomes the last-mile employability enabler for leading EdTech players such as SimpliLearn, HeroVired, AlmaBetter, EduClass and others through its employer-led capstone platform. It has become one of the largest industry integration platforms for learning service providers with over 500 employers recruiting through its ‘Belong Score’ Early Talent programme.