Babajob, an India-based, informal employment platform, has raised second-round funding from Seek Ltd., one of the largest global employment marketplaces. Babajob, founded in 2007, connects workers to jobs as delivery staff, office helpers, drivers, cooks, maids, security guards, and more.
Seek, based in Australia, joins initial investors Khosla Impact and Gray Ghost Ventures, which invested in 2012. That makes Babajob a good example of a company raising early capital from impact-focused funds and attracting traditional investors and strategic partners in their second round.
Babajob said it will use the $10 million minority investment to focus on mobile app development and on improving telephony services. For Seek, Babajob expands their presence in India.
This post was originally published on ImpactAlpha.com
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