OLX Acquires Aasaanjobs to Strengthen its Online Jobs Vertical

OLX Group has acquired Mumbai-based Aasaanjobs, a recruitment company for entry level jobs in India, for an undisclosed amount.

The acquisition is aimed at strengthening the OLX India’s position in the online job search segment and help OLX address the growing requirement of over 60 million urban workforce in India valued at over $1 billion.

Tim Hilpert, CEO of OLX Markets, said, "This acquisition resonates with OLX’s commitment to grow its verticals strategically and leverage technology for better user experience on the platform. 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.

Founded in 2014 by Dinesh Goel and Gaurav Toshniwal, Aasaanjobs is a recruitment marketplace for blue and grey-collar jobs (drivers, maids, cooks, tutors, back-office staff, etc) in India which aims to create a digital identity for people who play a crucial role in the ever expanding service industry of India.

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.

Aasaanjobs has raised a total of $6.5 million in funding over only two rounds from investors that includes
Chiratae Ventures (formerly IDG Ventures), Aspada and Inventus Capital Partners. It last raised funding in February 2016.

In June 2017, Aasaanjobs had also acquired mHire, a Noida based recruitment platform focused on skilled & semi-skilled blue & grey collar (ie entry-level) jobs.

Source - Business Line

Aasaanjobs Acquires Noida Based Recruitment Platform mHire

Aasaanjobs, one of India’s leading online recruitment marketplace that connects entry level job seekers with employers, today announced that it has acquired mHire, a Noida based recruitment platform focused on skilled & semi-skilled blue & grey collar (ie entry-level) jobs. Through this strategic acquisition, Aasaanjobs plans to strengthen its presence in the Northern part of the subcontinent and onboard partners and clients that mHire has in its folds.

The recruitment marketplace, mHire has some of the country’s select Staffing, Logistics, Security, Telecom and Retail companies amongst its clients.

Founded by ex-investment banker Priyank Bakshi and serial tech entrepreneur Bahul Arora, mHire connects employers, placement consultants, skill development institutes and jobseekers through its tech-enabled marketplace. Employers can choose to either manage their own recruitment process by directly contacting the jobseekers listed with mHire or hire vendors through mHire to outsource their recruitment process. The company has built automated job-jobseeker matching algorithms, a bidding system for choosing vendors along with an escrow mechanism for managing payments etc.

Commenting on the acquisition, Dinesh Goel, CEO, Aasaanjobs, said,”This association further strengthens our footprint in North India. We are immensely excited about learning from mHire’s experience. 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.”

Priyank Bakshi, CEO, mHire, reiterated, “We are excited to join hands with Aasaanjobs. We both share a common goal and vision to build tech-enabled solutions in order to simplify the recruitment and management of blue and grey-collared workers in the world. We look forward to leverage on Aasaanjobs’ scale and its expertise in the staffing services business, to bring a substantially better product for our customers.”

AasaanJobs Announces Expansion Plans Over Key Tier-2 Cities

AasaanJobs, one of India’s leading online recruitment marketplace that connects entry-level job seekers with employers, announces its plans to further expand its reach across major Tier-2 cities in India. The company will set up its operations in three major zones, viz. Gurgaon, Mumbai, and Bangalore, apart from other cities in the North, East, South, and West regions. The main three cities will also serve as AasaanJobs’ headquarters in their respective areas.

A large section of the Tier-2 market has been untapped by organized players as the growth prospect in these areas is relatively slower than in metropolises. According to the India Skills Report 2016, more than 50% of the working age population in Tier-2 & Tier-3 cities are employable. However, the demand concentration and slow growth discourages many players to fully exploit the market potential in these regions.

Keeping such factors in mind, AasaanJobs plans to set up operations across 20 different cities under the specified zones. Its decision to expand its services towards Tier-2 cities is part of its business expansion strategy to acquire more corporate clients in various industries in the next couple of years.

Commenting on the announcement, Siddharth Gupta, VP, Marketing, AasaanJobs.com said, “The rise in demand for better job search & recruitment platforms has proven to be a boon for the employment industry in India. However, there appears to be a huge market gap between the availability of such services in Tier-2 cities, which holds lots of potential, yet, no takers. Thus, identifying the huge demand for Tier-2 recruitments from our existing & prospective clients, along with low competition, we wanted to leverage our partner network and activate our presence in Tier-2 markets.We are confident that our recruitment platform will work well in Tier-2 cities as we will be able to facilitate lots of new demand for our recruitment partners in these areas.”

Ever since its launch, AasaanJobs has acquired several clients across multiple sectors, especially in BFSI and logistics. With its latest expansion plan, the dynamic venture hopes to enter the Tier-2 market as the bar is relatively set low as compared to other Indian metropolises, and barriers in language or sales requirements will have no major effect on the business.

Based on the varied talent pool available, AasaanJobs plans to set up operations in: Delhi, Chandigarh, Gurgaon (HQ), Lucknow, Jaipur (North); Ahmedabad, Pune, Surat, Baroda, Nagpur, Rajkot, Mumbai(HQ-West zone), Nasik and Chennai, Hyderabad, Bangalore(HQ), Secunderabad, Cochin, Vizag (South). It also has plans to expand its services in Kolkata soon.

Aasaanjobs Ventures into Recruitment​ ​Process​ ​Outsourcing Segment

Aasaanjobs.com, one of India’s leading online recruitment marketplace that connects entry level job seekers with employers, today announced its entry into the bustling RPO segment. The company wants to serve corporate players who usually goes for high-volume hiring and those which are hiring perennially.

Commenting on the service portfolio addition, Siddharth Gupta, VP, Sales & Marketing, Aasaanjobs.com said, “We recognized the growing trend of RPO in the last couple of years and wanted to quickly grab and build on the opportunity. With our team of 50+ skilled recruiters from various industries, I think that the top corporates, especially from BFSI or IT sector, hiring in volume will find our RPO solutions an extremely valuable proposition.”

“The industry has noticed that the RPO model has led to improved interview to acceptance rate by almost 17% and cost-benefits realized by organizations went up to 36% when compared to traditional models of hiring, and hence the appeal of RPO from bigger corporates”, he added.

Unlike traditional recruitment models, outsourcing of the hiring process help in reducing the overall cost per hire, reduces the time to hire by 29% and also enhances the quality of service for all stakeholders. RPO enables external service providers to offer customized recruitment solutions to corporate houses.

Recently Aasaanjobs has announced the launch of its latest service in IT recruitment as part of its plan to expand its verticals in job search and employment.

AasaanJobs Launches New Vertical – IT Recruitment

AasaanJobs, an online recruitment marketplace that connects entry-level job seekers with employers, has announced the launch of its latest service in IT recruitment as part of its plan to expand its verticals in job search and employment. Through this offering, AasaanJobs will cater its services in IT staffing for both permanent and contractual job roles.

AasaanJobs is providing job roles in IT sectors across multiple cities in India. The job profiles that are included under the new IT recruitment service are: Java developer, Dot net developers, network engineers, hardware engineers, etc.

Commenting on the launch, Siddharth Gupta, Head of Marketing & PR, AasaanJobs.com said,, “IT is one of the fastest growing markets in india and we see a big opportunity in entry level IT, Software and hardware roles. Presently, AasaanJobs provides IT staffing solutions to more than 10 clients and counting. With our latest IT recruitment vertical, we hope to maximize this company’s reach across a wider spectrum, and gain more clients within a short span of time.”

The latest IT recruitment vertical of AasaanJobs will enable recruiters to fulfill all of their IT staffing requirements. Companies looking for top candidates in the field of IT can simply register with AasaanJobs and choose from a talent pool of thousands of job aspirants without any hassle.

Aasaanjobs is an online marketplace for entry-level and grey/blue collar jobs. Founded in November 2014, Aasaanjobs is based out of Mumbai. It provides a platform for recruiters and job seekers to interact seamlessly. An end-to-end recruitment service in the entry level recruitment and staffing space, Aasaanjobs bridges the gap between employers and job seekers through a two-way matchmaking system on their web portal as well as mobile app.

AasaanJobs to Launch Its Exclusive Services in Bengaluru

AasaanJobs, Indian online recruitment marketplace that connects entry level job seekers with employers, will soon launch its unique services in Bengaluru, significantly transforming the employment scenario in this metropolis. The comprehensive platform has already gained prominence among young job aspirants in both Mumbai and Pune, and hopes to achieve similar growth in the Garden city.

Commenting on this launch, Siddharth Gupta, VP, Sales & Marketing, AasaanJobs said, “The city of Bengaluru, with its thriving job market, is quite popular among the young working age population in India. It regularly witnesses an influx of fresh graduates, who come here in hopes of establishing a long & successful career, and significantly contribute to its economic growth rate. We hope to provide these individuals and many more a seamless job search experience.  Also, after the launch of Pune earlier this year, we got a good response in the IT and Hardware domain and we hope to cover the Bangalore market as well ”

“Thus, compelled to fulfill that need, we decided to introduce our services in Bengaluru – facilitating first time job aspirants with an organized platform to find any kind of employment opportunities they seek, and help them connect with relevant employers in multiple industries. That said, the milestone of 100,000 downloads of the Job Seeker App has given us great confidence and we hope this tech savvy city would add more of the users via the App,” he added.

AasaanJobs’ focused approach and proactive understanding of employer requirements give it a professional edge. It has a verified database and a one-click feedback mechanism that is well integrated with the job seeker’s rating, enabling prospective employers to make informed hiring decisions. Additionally, it has a multilingual website that engages people from diverse backgrounds, and has also developed a user-friendly WAP website for those who don’t own smartphones.

Adding to its bouquet of services, AasaanJobs, recently introduced a unique hiring feature called ‘The Interview Plan’, sourcing only relevant candidates for employers to interview for any entry-level job profile. With this new feature, the leading recruitment company for entry-level and mid-level jobs in India hopes to mitigate typical hiring concerns such as  sourcing, screening, and scheduling of interviews at initial phase that plague most of the HR teams of employers, recruiting in the entry/mid level segment.

Moreover, those who wish to access the services of AasaanJobs’ app can download the same on their smartphones and register free of cost.