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Highest Growth In Sales, Marketing, Ops Source: times business Chennai: Unicorns are turning into hiring masters. With aggressive funding and expansion plans, unicorns such as Swiggy, Oyo Rooms and PolicyBazaar have been hiring at an average growth rate of 50% every year, according to data from talent search firm Xpheno. Oyo Rooms and Udaan led the hiring with a 160% and 205% growth rate in the last three years, while Snapdeal and rival ShopClues have slowed down their recruitment. The data further noted that in 2018 alone, 4,680 new additions have been made solely by unicorns, and this year the projection is that they will recruit 9,200 more. Among roles, sales, marketing and operations are seeing the highest growth of around 50%. Xpheno co-founder Kamal Karanth added that key talents can command a 50% premium in salaries in comparison to an IT firm while, on average, employees get a 30% premium. “With a lot of investments in the bank, unicorns can afford to be pay mas...

Virgin Hyperloop One is likely to commence Phase 1 work on its proposed  Mumbai-Pune ultra-high speed hyperloop route in India  before the end of 2019,  Construction Week reported  quoting the group’s managing director for the Middle East and India. Harj Dhaliwal, the group’s managing director for the Middle East and India, told  Construction Week  that Virgin Hyperloop One is looking to start Phase 1 work on its proposed Mumbai-Pune ultra-high speed hyperloop route in India before the end of 2019. Upon the completion of the project, the travel time to cover the 140 km journey from Mumbai to Pune can potentially reduce from 3.5 hours to just 25 minutes. Virigin Hyperloop One’s Indian route will link Navi Mumbai International Airport in Mumbai to the city of Pune , and is expected to benefit the combined population of 26 million of both the cities. Phase 1 of the Mumbai-Pune project  involves building a 11.8 km demonstration track with ...

JPMorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined to comment. Bloomberg    |   May 31, 2019, 08:45 IST BYGillian Tan and Michelle F. Davis Wework Cos. is in talks with banks about arranging a $2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter. JPmorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined to comment. WeWork, which rents office space and desks to workers around the world, said in April it had filed paperwork confidentially with the U.S. Securities and Exchange Commission for an IPO. It could be the year’s biggest offering after Uber Technologies Inc. WeWork’s largest backers include SoftBank Group Cor...