Babajob.com, a unique online platform for job seekers in the informal sector, has scored a $10 million Series B round of funding from global job marketplace platform, SEEK Limited.
SEEK and its affiliated companies caresses the title of being the largest online marketplace for employment across Australia, New Zealand, China, Asia, etc. With the freshly raised funding, the company is planning to further grow its team and also invest in branding and marketing. The company also has in vision to develop its mobile apps and enhance its telephony services like Missed Calls for Jobs and RapidHire.
Babajob was founded in 2007 with an objective to connect all interested Indian employees in the informal sector, to better job opportunities. Earlier in 2012, the company had raised Series A round of funding from GrayGhost Ventures and Khosla Impact.
Sean Blagsvedt, the CEO and Founder of Babajob.com, said,
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 honored 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.
Ronnie Fink, Corporate Development Director, SEEK International, said,
Babajob is an exciting opportunity for us. We’ve 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.
Babajob claims to have over 2.5 million job openings listed on its platform and around 3 million job seekers. Its website also offers linguistic varieties including Bengali, Kannada, Urdu, Gujarati, Marathi, Tamil, Hindi and English.
While household chores job doers have been prevalent from time immemorial, the entire field of blue and grey collar jobs is pretty much nascent when seen from an online marketplace perspective. The field currently has just a handful of noteworthy players, which includes Nanojobs and Jack on the block.