Grey collar focused job marketplace Babajob secures $10 Mn funding from SEEK
Marketplace for grey collar jobs Babajob has secured $10 million minority investment from SEEK Limited. SEEK and its affiliate companies are the largest global online employment marketplace, available to approximately 2.6 billion people across Australia, New Zealand, South East Asia among others.
The funding will be used to grow Babajob’s team and brand, further develop its mobile apps, and improve its telephony services such as ‘missed calls for jobs’ and ‘RapidHire’ in order to fulfill Babajob’s mission of connecting all Indians to better jobs.
This is the second round of venture funding for Babajob after a Series A round led by GrayGhost Ventures and Khosla Impact in 2012. Founded by Sean Blagsvedt (who previously co-founded Microsoft Research India) has over 2.5 million listed job openings and currently 3 million job seekers use Babajob’s platform."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." says Sean Blagsvedt, the CEO and Founder of Babajob.com.
Babajob is a dedicated platform to bring better job opportunities to aspiring workers (e.g. delivery staff, office helpers, drivers, cooks, maids, security guards, etc.), by connecting the right employers and job seekers.
Through employer solutions like RapidHire, Babajob drives inbound phone calls from screened candidates to employers in minutes, drastically reducing the inefficiencies of hiring in the informal sector.
“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," says SEEK International Corporate Development Director, Ronnie Fink.
Blue and grey collar job market is not so hot in India and consequently, there has been only a handful of startups evangelizing the space. Babajobs is undoubtedly an undisputed leader in this space and it competes with Jack on the block and Mumbai based Nanojobs.