Babajob.com on Tuesday said it has secured a $10 million minority investment from SEEK Limited. SEEK and its affiliate companies are the largest global online employment marketplace, available to approximately 2.6 billion people across Australia, New Zealand, South East Asia, China, Brazil, Mexico, Bangladesh and Africa.
The fresh funding will be used to grow Babajob’s team and brand, further develop its mobile apps, and improve its telephony services such as ‘Missed Calls for Jobs’ and ‘RapidHire’ in order to fulfill Babajob’s mission of connecting all Indians to better jobs. The company said in a press release.
This is the second round of venture funding for Babajob after a Series ‘A’ round led by GrayGhost Ventures and Khosla Impact in 2012 and a USAID-DIV Award in 2013.
“We are excited to find a strong partner in SEEK, who shares our vision of using technology to connect everyone on the planet to better jobs, especially those in emerging markets. We are honoured to be their first investment in India and look forward to bringing access to better jobs to every Indian and to helping every employer reliably hire aspiring workers,” said Sean Blagsvedt, CEO and Founder of Babajob.com.
Babajob is India’s first web and mobile start-up dedicated to bringing better job opportunities to aspiring workers like delivery staff, office helpers, drivers, cooks, maids, security guards among others by appropriately connecting the right employers and job seekers.
“Babajob is an exciting opportunity for us. We have been very impressed with the capabilities of the management team, and we look forward to assisting them achieve their goal of helping connect more aspiring Indians to jobs," said Ronnie Fink, SEEK International Corporate Development Director.
