Job marketplace Babajob has raised $10 million in a round of funding from Australia-based online employment marketplace SEEK Ltd, reports ET Tech. The platform had earlier raised Rs 3.5 crore from Gray Ghost Ventures and Khosla Impact in August 2012.
Babajob will use the funds for brand expansion and hiring, as well as to improve its mobile apps and telephony services including ‘missed calls for jobs and ‘rapidhire’.
— Babajob.com (@babajob) April 28, 2015
Babajob’s platform currently focuses on service based jobs like sales, helper, maid, cook, steward, driver, nurse, teacher, engineer, management and cashier etc. To sign up for the platform, users can give a missed call 08880004444 on which the company will call the user back and register their profile for free. Users can also directly register via the website, either through creating a profile or logging in using Facebook or Google+.
As for employers, the platform lets them post job listings, track, rate and save feedback on candidates. It offers employers with two paid tier plans for Rs 1,999 and Rs 4,999 as well as a limited free tier. The platform then connects inbound calls from screened candidates to employers through RapidHire. As of now Babajob claims to have over 3 million job seekers onboard and over 2.5 million jobs listed.
Interestingly, Babajob claims calls made by it are in the user’s local language to make it easier for them to communicate. The company also lets users access its website in various languages including Hindi, Marathi, Kannada, Gujarati, Tamil and Urdu, although this translation is done via Google translate.
The service is currently available in over 20 cities including Bangalore, Bhopal, Chennai, Coimbatore, Delhi, Gurgaon, Hyderabad, Indore, Jaipur, Kolkata, Mumbai and Pune. Founded in 2007 by Sean Blagsvedt and Vibhore Goyal, Babajob lists Hyundai, Myntra, RedBus and Thyrocare among its clients.
Fundings in recruitment portals:
– In January this year, Aasaanjobs, a platform for finding blue collared and entry level white collared jobs in India, raised $1.5 million in a seed round of funding from venture capital funds Inventus Capital Partners and IDG Ventures India.
– In October last year, online recruitment platform TalentPad (previously TalentAuction) had raised an undisclosed amount of investment from Helion Ventures while referral recruitment portal MyRefers.com also raised an undisclosed amount in Series A funding from Bedrock Ventures
– The same month, Gurgaon-based referral hiring portal GrownOut also raised an undisclosed amount of investment from Matrix Partners India. Prior to this, the company had secured $40,000 in seed funding as a part of Startup Chile accelerator program’s tenth batch.
– Previously, Whistle Talk, a social recruiting platform which allows users to share job opening in their team or help friends find a job and earn a referral bonus, had raised $400,000 from Hyderabad Angels in December 2012.