Online classifieds major Quikr has acquired job listing platform Babajob for an undisclosed amount. The acquisition will be strengthen Quikrs’ position in the blue collar jobs segment.
Following the deal, Blagsvedt and Kashyap will quit the company. Babajob will remain to operate as a separate entity.
Post this acquisition, Quikr will become the largest in the blue collar job category that helps entry-level sales professionals, BPO executives, delivery executives, drivers, and others for suitable employment.
Importantly, this is the eleventh acquisition by Quikr so far. Earlier, it acquired Zimmber, CommonFloor, Stepni, Zapluk, Grabhouse, Hiree, Salosa, Stayglad among others.
“This will combine the two largest Indian aspiring job players -Babajob and QuikrJobs- into one entity, a tool to help everyone in India get a better job. The Babajob board, Vir and I decided that joining forces with Quikr represented our best option for scaling Babajob’s mission—providing better jobs for everyone by helping employers digitally hire aspiring workers,” Sean Blagsvedt, co-founder and chief executive officer at Babajob, said in a statement.
Founded in 2007 by Blagsvedt, Vir Kashyap, and Ira Weise, Babajob has over 8.5 million registered job-seekers and over 5,00,000 employers looking to hire. It had raised about $10 million from SEEK Ltd, a global online employment company, GrayGhost Ventures and Khosla Impact.
Babajob is operational in over 20 cities, including tier II and III cities like Coimbatore, Bhopal, and several others.
“We innovated and scaled telephony, chat and mobile solutions to connect multilingual job seekers and employers. We defined a category and perhaps most importantly, showed the market that there was a need and business opportunity to build a job site for everyone, even those with little education, knowledge of computers or command of English,” Blagsvedt added.