upGrad Rekrut, a subsidiary of education tech unicorn upGrad, has acquired recruitment and staffing firm Wolves India for an undisclosed sum, the company said on July 14.

Wolves India will operate independently as a subsidiary of upGrad Rekrut and strengthen its technology portfolio, upGrad said in a statement.

Grad co-founder and managing director Mayank Kumar said the unicorn company had not been affected by the slowdown in India’s edtech sector. On a recent episode of CNN-News18’s Bits to Billions, Kumar noted that upGrad is looking for recruiters for various roles as demand continues to be strong.

According to upGrad, Bengaluru-based Wolves specialises in providing technical talent to startups in India and overseas and medium to large organisations. upGrad added that the seven-year-old recruiting firm had closed more than 5,000 tech and product vacancies.

According to UpGrad, Wolves India has also been working on solving the recruitment complexities in the aerospace sector with its product Quasara to help global businesses set up offshore hubs.

The company also said that the Indian tech industry would continue to observe steady demand for skilled talent, with the market expected to reach $350 billion by FY26.

“With the help of upGrad Rekrut, we have seen our learners receive record CTCs (company cost) in FY22, and the addition of WOLVES India will give us an edge in the tech ecosystem. This will give us an edge in the tech ecosystem. of learners with more employment opportunities, which will be high-paying skilled positions and career advancement,” Kumar said at the time of the acquisition.

Wolves India said it would continue to lead its founder and director, Raghu S.

In early June, its peer-upGrad bucked the trend, saying it hoped to add nearly 3,000 people over the next three months. The seven-year-old company currently has 4,000 employees, growing to around 6,500-7,000 by August.

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That same month, upGrad doubled its valuation after raising $225 million in fresh funding, dwarfing the global venture capital environment. The company raised its valuation to $2.25 billion in the funding round, which includes billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provider Educational Testing Service.