Officehours (getofficehours LLC), a leader in private equity and investment banking peer-to-peer coaching and recruiting, has announced its acquisition by a consortium of private equity investors, effective February 15, 2024. This acquisition not only marks a significant milestone in OfficeHours’ journey but also ignites a new era of hope and optimism in its mission to democratize access to competitive finance jobs.
OfficeHours was founded in 2020 amidst the COVID-19 pandemic by Asif Rahman and Rohit Malrani. Since then, the company has developed a scalable 1:1 coaching marketplace that unlocks expert knowledge and training on an approachable tech platform to assist individuals in pursuing ambitious careers in private equity, venture capital, investment banking, hedge funds, and other fields. Growing up in first-generation immigrant families, Asif and Rohit were taken aback by the absence of tools accessible throughout their Wall Street recruiting process. Even though they both ended up working in venture capital and private equity, they believed there had to be a better way to go about things.
Speaking on the deal, Co-founder of OfficeHours, Asif Rahman, said:
We are thrilled to bring on a new partner, which opens up new opportunities for innovation, growth, and the ability to deliver even greater value to our customers.
With the OfficeHours acquisition, new leadership has joined the team and is continuing to work on growing the company. OfficeHours was bootstrapped entirely and raised no outside capital before the transaction, scaling to roughly $2 million of revenue.
The company’s customers have logged almost 2,000 hours of call time on the platform, resulting in placements into dozens of top firms such as Apollo, Blackstone, Carlyle, KKR, TPG, Goldman Sachs, and more. Since its founding, OfficeHours has grown its software platform to almost 200 coaches and served over 2,500 users. Customers can sign up on the OfficeHours website and choose a coach that fits their needs. In addition to 1:1 coaching, the platform provides online training courses and recruiting services.
Adding about the acquisition, Rohit Malrani, Co-founder of OfficeHours, said:
We are ecstatic to bring on new leadership to continue our mission of helping both traditional and non-traditional backgrounds secure the most competitive jobs on Wall Street.
OfficeHours has always been committed to diversity and inclusion. It has participated in several pro-bono partnerships with student groups and diversity initiatives, aiming to democratize access to Wall Street jobs. The firm’s partnerships with ibRecruit, Liquidity Student-Athletes, and numerous student groups are a testament to its dedication to providing equal opportunities and valuing diverse backgrounds in the finance industry.
