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Quikr Acquires Blue Collar Job Startups Babajob

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Quikr acquires blue collar jobs,online classifieds site Quikr,Babajob Services,online jobs,Quikr Acquires Babajob,Babajob CEO Sean Blagsvedt,blue collar jobs,Steadview Capital Management,Quikr CEO Pranay Chulet,startup stories india,startupstories 2017, Startup News

Quikr India Pvt., Ltd., online classifieds site has officially acquired blue collar jobs listing company Babajob Services Pvt., Ltd., in its eleventh acquisition. This will be Quikr’s second acquisition in the online job searching marketplace and is said to largely be a share swap deal.

The founder of Babajob and CEO Sean Blagsvedt said joining forces with Quikr was the best option for them and the merged entity will now be the largest player in India in the aspiring labor space. Cofounders Sean Blagsvedt and Vir Kashyap will remain in an advisory role in the merged entity.

Babajob was launched in 2007 and since then have 8.5 million verified job seekers sought jobs from 5 lakh employers and has raised at least $10 million in multiple funding rounds.

Quikr with this acquisition will cement its position as the largest classifieds platform in the blue collar job category including jobs for entry level sales professionals, BPO executives, delivery executives, drivers. Since its inception in 2008, they have managed to raise over $346 million from Kinnevik AB, Tiger Global, Steadview Capital Management, Matrix Partners India and other investors.

Quikr founders Pranaya Chulet and Atul Tewari have been on an acquisition spree since last year having bought nine companies belonging to different market spaces. They clocked net sales of Rs. 41 crores at the end of the financial year in March 2016 and a loss of Rs. 534 crores in the same period.

Neither companies have divulged the details of the deal but Babajob will be continued as a separate entity.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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