Jobs marketplace SEEK invests $10 mn in Babajob

Leading Indian jobs website Babajob.Com has secured USD 10 million (about Rs 63.3 crore) in a minority investment from Australian counterpart SEEK.
The capital 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'.
SEEK and its affiliate companies are the largest global online employment marketplace, available to about 2.6 billion people across Australia, New Zealand, South East Asia, China, Brazil, Mexico, Bangladesh and Africa.
This is the second round of venture funding for Babajob after a Series-A round led by GrayGhost Ventures, Khosla Impact in 2012 and a USAID-DIV Award in 2013.

"We look forward to bringing access to better jobs to every Indian and to helping every employer reliably hire aspiring workers," said Sean Blagsvedt, the chief executive and founder of Babajob.Com.
Babajob.Com is offers job opportunities to the informal job sector (delivery boys, office helpers, drivers, cooks, maids and security guards) by connecting employers and job seekers via the Web and mobile phones.
It was founded in Bangalore in 2007.