Australian number one job portal SEEK International has bought 10% stake in Bangladesh’s largest online job portal Bdjobs.com for Tk 30 crore at a valuation of tk. 300 crore, which is double of what SEEK valued the company in a 2014 deal.
The deal makes SEEK International single majority shareholder in the company with 35% stake. Fahim Mashroor, co-founder, and CEO of Bdjobs, owns 33% and other 7 shareholders own the remaining shares.
This is the second time SEEK took a stake in Bdjobs.com. It bought a 25% stake in the company for tk. 35 crore in 2014.
Cover photo credit: Nurunnaby Chowdhury (Hasive), Wikipedia