Agrani in talks to raise Rs 800-850 crore

India's technology and IT services industry is experiencing a revival in fresher hiring after nearly two years of subdued hiring. According to recruitment firm Quess Group, fresher hiring is expected to rise to 115,000-135,000 in the current fiscal year, marking a 4.5-22.7% increase from the previous year. This rebound began in the June quarter, with leading IT service providers such as TCS, Infosys, and HCLTech recruiting about 19,000 entry-level staff.

However, the demand for experienced AI talent remains strong, and the bar for entry-level talent has risen, with firms increasingly seeking specialised capabilities in AI, cloud, data, and cybersecurity. Additionally, Bengaluru-based semiconductor startup Agrani Labs is in talks to raise Rs 800-850 crore in a funding round that could include South Korean conglomerate Samsung, 360 One Asset Management, and existing backer Peak XV Partners.

Brief written by urgent.news from The Economic Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.