Job board SEEK.com.au has taken a 25 per cent share of in Bangladeshi job board BDjobs. “Bdjobs is well positioned to benefit from increasing internet penetration as well as economic growth,” explained Jason Lenga, Managing Director of SEEK International. “We look forward to working with the Bdjobs team to capitalise on the growth opportunities.”
Bdjobs is the leading online employment marketplace in Bangladesh, which SEEK International said has a strong lead in traffic and ad volume metrics and a strong financial track record. Bdjobs has 90 percent market share in Bangladesh.
Bdjobs made a profit of Tk 6.93 crore last year. Its revenue stood at Tk 13.86 crore in the same year, the Australian company said in a statement.
Fahim Mashroor, founder and chief executive officer of the local job portal, confirmed the deal, and said the deal to transfer the minority shares to SEEK began one year ago and was finalised recently.
Mashroor said the main attraction to SEEK International purchasing the minority shares of bdjobs is its high profitability and market shares.
SEEK has valued bdjobs at Tk 150 crore, which may be the highest for any local IT firm.
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