HackerEarth is transforming India’s developer hiring scene, one hackathon at a time
The hacker/hackathon culture has come of age in India. Thanks for portals like
View all Offers
View all Offers
- 18% OFF
Redmi 9 Power (Mighty Black 4GB RAM 64GB Storage) - 6000mAh Battery |FHD+ Screen | 48MP Quad Camera | Alexa Hands-Free Capable₹ 11499₹ 13999Buy On
- 23% OFF
Redmi 9 (Sky Blue, 4GB RAM, 64GB Storage) | 2.3GHz Mediatek Helio G35 Octa core Processor₹ 8499₹ 10999Buy On
Redmi 9A (Midnight Black, 2GB RAM, 32GB Storage) | 2GHz Octa-Core Helio G25 Processor₹ 6799₹ 8499Buy On
- 26% OFF
Samsung Galaxy M52 5G (ICY Blue, 6GB RAM, 128GB Storage) Latest Snapdragon 778G 5G | sAMOLED 120Hz Display₹ 25999₹ 34999Buy On
- 14% OFF
iQOO 7 5G (Storm Black, 8GB RAM, 128GB Storage) | 3GB Extended RAM | Upto 12 Months No Cost EMI | 6 Months Free Screen Replacement₹ 29990₹ 34990Buy On
Bengaluru-based HackerEarth is one of the major India-based firms that helps match programmers with companies looking to hire tech talent or solve internal glitches. They do it by conducting hackathons or marathon coding challenges that are becoming popular among Indian enterprises.
The company has created a platform that automates the entire process of conducting hackathons - right from creating teams, online collaborative development among participants, showcasing products, tracking progress and peer review to judging the submissions. Its setting sights in markets in the US, Eastern Europe and South-east Asia.
Business Insider spoke to HackerEarth co-founders
Story behind the Name
Sachin: It goes back to July, 2012.
The word ‘hacker’ appealed to us. There’s a negative connotation to it now, but the word originally means a programming expert. It’s a culture that believes in getting things done and solving problems in minutes and getting products ready in months.
Vivek: The programming community in India is very fragmented. Our experience has given us the knowledge and expertise to figure who to reach out to for a certain use-case.
For companies like Wal-Mart Labs, we offer access to the widest range of developers. This gives them at least 10x more reach.
Sachin: We’ve gone from being a recruitment company to a developer’s outreach. IBM Bluemix works with us to hire developers, GSK crowd-sourced a mobile game, and companies also organize hackathons to build their talent pipeline.
Biggies Catching Up
Vivek: Even bigger companies want a culture where every developer is thinking independently and implementing fast. It has helped companies like Wipro and Infosys service customers better and identify smart people in their teams.
The company has conducted 120 hackathons for 48 large and small enterprises. With over $32 million being doled out in offers over 951k coding assessments, HackerEarth aims to grow its revenue from about $130,000 a month now to $400,000 a month by the end of the year.
The cost for setting up a hiring challenge will be anything between Rs. 35k – 1.5 lakhs. Cost of per hire ranges from Rs. 60k - 2 lakhs based on the salary and the profile involved.
With 65% of its revenue coming from hackathons, Sachin believes coding challenges will continue to be a major driver for growth. “In the next 2-3 years, the revenue split would still be a 70-30 between hackathons and other options”, he says.
Unfortunately, while ‘ Social Network’ or ‘ Silicon Valley’ would have you believe there’s Beer or Tequila involved, Sachin says it’s nothing as boozy as Hollywood would want you to believe.
“That’s still limited to the movies, at least in India. It’s a more informal environment, and people are often up all night. However, we haven’t had anything with liquor involved. Not sure if that happens in the Valley as well”, Sachin concludes.
What a sore!
Popular on BI
- Best coffee and tea mugs for your office or home
- WHO may approve Bharat Biotech's Covaxin 'within 24 hours' for emergency use, according to media reports
- Axis Bank posts highest ever quarterly net profit that grew 86% on year
- Pitch your startup ideas at IIT Bombay’s business model competition Eureka! — Here’s how you can apply
- Fino Payments Bank will be the first fintech startup in India to get listed on the bourses and it is profitable