BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
On December 22, 2021, Quess Corp Ltd. announced a fund infusion in its Monster.com subsidiary from Meridian Investments and Volrado Venture Partners at a pre-money valuation of Rs 6.0 billion, much higher than its 2018 acquisition cost of Rs 896 million.
The funding will be channelised to expand Monster’s presence in the job search and training market.
In Q2 FY22, Monster.com contributed 1.2% of Quess Corp’s revenues and nothing to profit after tax given its breakeven status. Hence, post-money valuation of Rs 6.6 billion (after first stage) is positive as it accounts for 5% of Quess’ current market Rs 118 billion.
Conversely, we view Monster’s expansion within job search and training space as concerning due to the dominating presence of Naukri in this market.
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