HomeBusinessNaspers backed OLX Group acquires Aasaanjobs for an undisclosed amount

Naspers backed OLX Group acquires Aasaanjobs for an undisclosed amount

Reader's Pick

Naspers-funded OLX Group has acquired Aasaanjobs for an undisclosed amount, a move aimed at strengthening the classified player’s position in the online job search segment.

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 USD 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.

- Advertisement -

Dinesh Goel, CEO and co-founder of Aasaanjobs, said the company’s inception was inspired by the large unregulated blue/grey collar jobs segment in India where there is a massive untapped opportunity.

OLX said its jobs category has been growing organically in India over the last couple of years.

It cited a recent study to state that in urban centres alone, over 70 million blue/grey collar job opportunities are available each year, while the workforce stands at 60 million workers annually.

This reflects the significant scope for growth opportunity in the sector, OLX added.

close

Stay on top of Budget 2023 with our newsletter

- Advertisement -

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...
00:05:54

Union Budget 2023: Five Major Changes to the Personal Income Tax Regime

In a major announcement on income tax changes, the government has revealed five...
00:02:04

Union Budget 2023: Infrastructure Investment with Steep Capital Outlay

The Finance Minister, Nirmala Sitharaman, has announced the Union Budget 2023 w...
00:09:17

What Jammu & Kashmir, Ladakh, Northeast & Agritech got from Budget 2023?

Addressing the parliament on the ongoing union budget session, Finance Minister...