Online employment matchmaker Aasaanjobs Pvt. Ltd has acquired mHire, a Noida-based recruitment marketplace focused on skilled and semi-skilled, blue- and grey-collar jobs, the company said in a statement.
With this acquisition, Aasaanjobs plans to strengthen its presence in north India and expand its partner and client network. “This association further strengthens our footprint in north India. The job market is evolving fast and there are a lot many dynamics and challenges at play. Our aim is to solve the problem together and we are committed towards resolving those,” said Dinesh Goel, CEO, Aasaanjobs.
mHire, which was founded by investment banker Priyank Bakshi and serial tech entrepreneur Bahul Arora in 2015, connects employers, placement consultants, skill development institutes and jobseekers through its tech-enabled marketplace.
The company, formerly DialJob, is backed by National Skill Development Corporation, NASSCOM’s 10,000 start-ups, Startup Oasis and Villgro. Earlier, mHire had acquired JobShikari to expand its footprint in the skilled manpower segment.
In 2013, Goel along with Ishank Gupta, Gaurav Toshniwal, Aditya Gupta and Kunal Jadhav, had founded Aasaanjobs. Goel, an IIT alumnus had previously worked with Deutche Bank and Star India, while Toshniwal had founded another company, Wiredd Interactive, before launching Aasaanjobs. Ishank and Aditya Gupta had subsequently left the company.
In February 2016, Aasaanjobs had raised $5 million in a Series A round led by Aspada Capital Advisors LLP. In January 2015, it had raised $1.5 million from Inventus and IDG Ventures.
In the online recruitment space, online classifieds platform Quikr India Pvt. Ltd was recently looking to buy blue-collar jobs portal Babajob Services Pvt. Ltd to consolidate its jobs vertical.
Like this report? Sign up for our daily newsletter to get our top reports.