The acquisition by Aasaanjobs is seen to strengthen its position in the blue-collar hiring market against larger rivals Quikr Jobs and Baba Jobs. New Delhi: Recruitment services marketplace Aasaanjobs.com on Monday said it acquired Noida-based rival mHire in a cash-and-stock deal to increase its presence in north India and expand its client base. “There is a cash component but the major part of the deal is stock,” Aasaanjobs chief executive officer Dinesh Goel said over the phone. “mHire has a strong presence in Delhi and north India and have good clients especially in logistics and retail space,” Goel said. Founded in November 2014, Aasaanjobs is backed by Aspada, IDG Ventures India and Inventus Capital Partners.

Source: Mint June 05, 2017 16:30 UTC