Info Edge India, the company which owns job search portal Naukri.com has acquired MakeSense Technologies, a startup which makes software for semantic search for Rs 8 cr. (~$1.5mn)
The company said that the proprietary software developed by MakeSense Technologies will be used on Naukri.com to improve search results.
MakeSense was founded in 2009 by IIT Mumbai Alumni Vivek Arya, Anand Ramachandran and Sumit Kundu. It was backed by angel investor Ravi Jakhar, the founder and Director of ICE X Electronics.
“Our Semantic Search technology built on a library of over 1,00,000 concepts spanning skills & expertise, designations, companies and industries delivers 2x better results than keyword based resume or job search,” the company claims on its website.
The company also has an IVR based candidate screening technology which will help recruiters cut down on the time and effort involved in recruitment.
The Internet firm recently invested $10 mn in Online Restaurant Directory Zomato to acquire a majority stake in the company.
Info Edge also invested Rs 30 cr in Applect Learning Systems Private Limited, which runs Meritnation.com to increase its stake in Applect.