OLX Group, funded by Naspers, has recently announced the acquisition of Aasaanjobs for an undisclosed amount. This acquisition was made in hopes of building the company's position in the online job searching sector.
With the acquisition of Aasaanjobs, a recruitment marketplace for blue and grey-collar jobs in India, OLX will further strengthen its jobs vertical, OLX said in a statement.
This will help address the growing requirement of over 60 million urban workforce in India valued at over $1 billion, it added.
This acquisition resonates with OLX's commitment to grow its verticals strategically and leverage technology for better user experience on the platform, OLX Markets CEO Tim Hilpert said.
"We aim to disrupt the ever growing job market with this portal and further unify our position in the jobs classifieds market in India," he added.
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