Australia’s largest and number one job portal SEEK acquired 25% share of Bangladesh’s number one job portal Bdjobs.com, as SEEK continues its growth strategy in Asia. The deal was finalized at Tk 38.5 crore (A$5 million).
It will allow SEEK to representatives on Bdjobs’ board as well as typical protections relevant to a minority shareholding.
In a brief Jason Lenga the managing director of SEEK said, “Bdjobs is well positioned to benefit from increasing internet penetration as well as economic growth. We are excited about this investment in a large and we look forward to working with the bdjobs’ team to capitalize on the growth opportunities.”
Fahim Mashroor, founder and chief executive officer of the local job portal, confirmed the deal and he said, “I am delighted that SEEK is investing in bdjobs’. SEEK has a deep understanding of online employment marketplaces and a history of working closely with local management teams. We believe this partnership will help accelerate bdjobs’ growth in the coming years.”