With goals of establishing a stronghold in India’s blue collar jobs segment, online classifieds portal Quikr India has recently acquired Babajob Services. To date, this is Quikr’s eleventh investment and the second one in the jobs space.
The company did not disclose the value of the deal. Babajob co-founders Sean Blagsvedt and Vir Kashyap and investors Australian hiring firm Seek, Khosla Impact and Grey Ghost Ventures will become Quikr’s shareholders following the deal. Quikr, founded by Pranaya Chulet and Atul Tewari, has so far raised $350.15 million in eight rounds from 11 investors including Warburg Pincus, TigerGlobal and Matrix Partners.
Sean Blagsvedt, co-founder Babajob stated, “The Babajob Board, Vir and I decided that joining forces with Quikr represented our best option for scaling Babajob’s mission. Vir and I will retain advisory roles with Quikr but after ten years of building Babajob, we’ve decided to pursue other opportunities.”
Amit Jain, Head, Quikr Jobs said this move will make Quikr a market leader in the blue jobs category segment.
Babajob, was founded in 2007 by Blagsvedt, Kashyap and Ira Weise, and it has raised at least $10 million in multiple funding rounds. According to Blagsvedt, 8.5 million verified job seekers sought jobs from over 500,000 employers on Babajob.