According to a media report, Quikr, online classifieds portal is in talks to acquire Babajob. This transaction will enable the Bengaluru-based company, Babajob to consolidate its position in the Indian blue-collar job market under its QuikrJobs vertical.
Babajobs connects blue-collar workers through a digital platform. It was founded with a purpose to provide aspiring workers (such as drivers, delivery executives, nurses, beauticians, entry-level sales, BPO executives and more) access to better employment opportunities.
Recently, startup claimed that it over 7 million registered job-seekers and approximately 5,00,000 employees scouting for talent. They have their geographical presence in over 20 cities including Coimbatore, Bhopal, Indore, besides Bengaluru, Mumbai and Delhi.
In 2012, the platform raised a seed funding of Rs 3.5 crore from Gray Ghost Ventures and Khosla Impact. In April 2016, Babajob raised $10 million in a round of funding led by Australian-based online employment marketplace Seek.
In May 2017, Quikr had acquired home services startup Zimmber for about $10 million in an all-stock deal. The startup, which is valued at about $1.5 billion, had acquired home beauty startups Zalosa, Zapluk and Stayglad in quick succession last year. The company had committed an investment of Rs 250 crore in January last year to expand the category.
As per Amit Jain, head of Quikr Jobs, the platform receives 5 million applications per month and had seen a 50% increase in user base. If it goes through, the Babajob acquisition would mark the ninth acquisition by Quikr since 2016.
Last year, it acquired CommonFloor, Grabhouse, Stepni, ZapLuk, Salosa, StayGlad, and Hiree.
Babajobs connects blue-collar workers through a digital platform. It was founded with a purpose to provide aspiring workers (such as drivers, delivery executives, nurses, beauticians, entry-level sales, BPO executives and more) access to better employment opportunities.
Recently, startup claimed that it over 7 million registered job-seekers and approximately 5,00,000 employees scouting for talent. They have their geographical presence in over 20 cities including Coimbatore, Bhopal, Indore, besides Bengaluru, Mumbai and Delhi.
In 2012, the platform raised a seed funding of Rs 3.5 crore from Gray Ghost Ventures and Khosla Impact. In April 2016, Babajob raised $10 million in a round of funding led by Australian-based online employment marketplace Seek.
In May 2017, Quikr had acquired home services startup Zimmber for about $10 million in an all-stock deal. The startup, which is valued at about $1.5 billion, had acquired home beauty startups Zalosa, Zapluk and Stayglad in quick succession last year. The company had committed an investment of Rs 250 crore in January last year to expand the category.
As per Amit Jain, head of Quikr Jobs, the platform receives 5 million applications per month and had seen a 50% increase in user base. If it goes through, the Babajob acquisition would mark the ninth acquisition by Quikr since 2016.
Last year, it acquired CommonFloor, Grabhouse, Stepni, ZapLuk, Salosa, StayGlad, and Hiree.
Advertisements