Naspers-funded OLX Group has acquired Aasaanjobs to strengthen its jobs classifieds vertical in India for an undisclosed amount. The deal was completed through a combination of a primary investment and secondary share purchase.
Veyrah Law advised OLX, led by partner Ajay Joseph; associates Anshul Pandey and Priyanka Zaveri. The Veyrah Law team assisted OLX with structuring, due diligence, negotiating and signing the transaction documents and closing.
Shardul Amarchand Mangaldas advised Aasaanjobs, its founders and the existing investors IDG Ventures, Pandara Trust. Inventus and Asapada, led by a team of partner Amit Khansaheb, partner Vishruta Kaul, and senior associate Pratyush Singh.
OLX Group is a global product and tech group which operates a network of market-leading trading platforms in over 40 countries under market-leading brands such as Avito, dubizzle, letgo, OLX, Stradia, Storia, and more.
Aasaanjobs was founded in 2014 and is a recruitment marketplace for blue and grey-collar jobs in India. It uses advanced technology through its platform, to enable end to end recruitment via a two-way matchmaking algorithm that filters and connects candidates whose profiles and job expectations best match employers’ requirements.
The deal was completed on December 25, 2018 and announced on January 7, 2019.