OLX Acquires Aasaanjobs – CORPORATE ETHOS

OLX Acquires Aasaanjobs

By: | January 9, 2019

Jan 9: OLX Group’s Naspers has acquired Aasaanjobs for an undisclosed amount. With this, the company aims to strengthen its stand in the online job search domain.

According to a report, OLX has disclosed that by the acquisition of blue and grey-collar job placement site Assanjobs the company will expand itself in the job search segment.

The company also added that this will advocate the increase in need of 60 million urban workforces in the Indian market. Tim Hilpert, CEO of OLX has been quoted as saying that the acquisition points towards the company’s commitment to developing its divisions tactically.

With the leverage of better technology, the company will be able to provide a great user experience on the platform. He went on to say that the company’s goal is to make an entry into the Indian job market.

As per the statement made by OLX, in past few years, there was organic growth in the jobs segment of the company in India. Quoting a new study the company stated that around 70 million blue/grey collar job opportunities are open each year. They also said that there are around 60 million workers available in a year.

OLX went on to say that the study points towards positive development of the market.