Pros: pretty good compensation, co-workers become your friends, health care benefits are great, very generous quarterly bonuses
Cons: crm (homegrown) is rather buggy and has some flaws - as the company gains so many users, this continue to be a bigger issue. new positions/structural changes seem a little arbitrary.
Indeed is a good company. Its success and growth have been increasing dramatically - YOY numbers are pretty crazy. It is highly unlikely that you'll ever experience a start up gain such success again. It's pretty amazing to see, and honestly, pretty fun to be a part of.
That said, you have to be careful that you don't stop learning. The product is fairly one dimensional, so it's pretty easy to do so. If things stop getting challenging, you're staying there too long. For most people, this happens in about 1 and a half to 2 years. By then, you'll learn everything you can about the company. I say this as a caveat to anyone looking to apply. By all means do so, but be aware that you're not making a huge, long term career leap.
Indeed is a great company and worth applying to. It has a lot to offer to people with not much experience, but it's important to know that it won't take long for you to want to take the experience and move elsewhere.