Hyderabad-based Zemoso to ramp up workforce by 2023

Hyderabad: Hyderabad-headquartered product studio Zemoso is planning to double its workforce from 300 to 600 by 2022, and will hire 2,000 additional employees by 2023, taking the total headcount to 2,600.

Zemoso currently employs 300 people in India (Hyderabad) & the USA (Dallas). It has also announced a new initiative to help women who are on a work break to get back to work. The company helps startups, entrepreneurs and innovators to build digital products to take their ideas from concepts to scale.

It is a full-stack innovation service company that collaborates with innovators by bringing in product strategy, experience design, and deep-tech engineering capabilities. Over the three years, it helped a significant number of startups to raise over $900 million in funding.

Zemoso’s core team consists of deep product expertise in taking products from idea to scale. Talking about its successful business model and its growth plans, Satish Madhira, CEO, Zemoso, said, “We are growing geographically one at a time. Our next expansion is in Canada where we have incorporated an office in Waterloo. Over the next nine months, we will begin operations in Europe. We are also actively looking to expand our presence in Latin America.”

A self-funded company Zemoso had maintained a compound annual growth rate of over 67 per cent. Over the next three years, our goal is to grow 600 per cent from our FY 2021 numbers, he adds.

The company has launched a unique initiative called “Women Back to Work” to enable women engineers who have taken a career break to get back to work, Sathish, says. About 30 per cent of our workforce is women, our motive and focus to promote women at work is to bring gender diversity to our workplace. They bring in unique viewpoints, ideas and insights and we consider them vital to our growth. The company’s men-women ratio is at 2.5:1, we actively invite women engineers who have taken a career break from six months to six years to get back to work with Zemoso.

The business model of Zemoso has various outcome-tied models including equity participation for the right startups apart from capacity pricing models for larger startups/companies that have found product-market fit.

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