Quikr, an eminent classified platform, is to acquire Babajob that connects blue collar employees. The deal would consolidate the position of Banglore-based company blue-collar job market of India within its vertical of QuickrJobs.
About Babajobs
Babajobs, whose headquarter is at Bangalore, have almost 7 million registered people who are seeking jobs and almost 500000 employers seeking for talent. They cater in 20+ cities including Bhopal, Coimbatore, Banglore, Indore, Delhi, and Mumbai. BPO executives, delivery executives, entry-level sales professionals, drivers like blue-collar service based jobs are included in its list.
Deal prompt accessing of Quikr at smaller cities
One of the informers said that, “The acquisition would give Quikr access to smaller cities that Babajob was popular in”. Some of the employees at Babajobs already have information about the acquisition.
Voice service catered by Babajobs
Babajobs caters a recruitment service that is based on an interactive voice response through which it makes its users to sign up and search a job. It makes its system in such a way that it can work with the user’s local languages as well. Its app as well as website is available in different languages including Marathi, Hindi, Tamil, Gujarati, Kannada, etc.
Highly interactive platform served by Babajobs
It creates an affable and interactive platform where employers can track, save feedback, and rate on candidates easily who apply for a job. It also connects the screened candidates directly to the employers through in-bound calls.
Company’s raised funding
The company has acquired Rs 3.5 crore through seed funding round driven by Khosla Impact and Gray Ghost Ventures in the year of 2012. It also raised $10 million of funds from an online employment marketplace seek in 2016.
It will be 9th acquisition deal
As per Amit Jain who is the head of Quikr Jobs, company gets 5 million applications for every month and had seen a half increment in client base. If it will happen, the deal of Babajob acquisition would be the ninth acquisition by the company since 2016, as it hopes to consolidate position in a few verticals like real state, services, and jobs.
Other acquisition of the company
A year ago, it procured Grabhouse, CommonFloor, Stepni, Salosa, ZapLuk, Hiree, and StayGlad. Not long ago it gained Zimmber, local services startup in a deal of $10 million.
Funds raised by Quicker till now
Quikr has gained $350 million till now from speculators like Tiger Global Management, Kinnevik, Warburg Pincus, and Matrix Partners India was last esteemed at almost $1.4 billion.
