Through this strategic acquisition, GetLinks is expected to be able to compete with similar platforms in the archipelago, such as JobStreet and Indeed.
Heaptalk, Jakarta — HR-tech startup based in Thailand, GetLinks, announced has acquired a job-search Ekrut. This information comes from the data reported to the Accounting and Corporate Authority (ACRA). The data reveals that Ekrut’s shareholders, including East Ventures and Skystar Capital, have transferred their shares to GetLinks Inc, the parent of talent and vacancy management platforms across Asia.
Through this strategic acquisition, GetLinks is expected to be able to compete with similar platforms in the archipelago, such as JobStreet and Indeed, considering the decline of job posting since the beginning of this year which attains 16.1% from January to April 2023.
GetLinks is a platform that connects the talent ecosystem with job opportunities in Asia. Established in 2015, the company focuses on building the digital community across the region. The tech company plans to augment skill upgrade tools into its feature. This startup has reached numerous giant tech companies worldwide, helping them to spread job vacancy information, spanning Alibaba, LINE, and Grab.
Meanwhile, Ekrut focuses on connecting potential talents to fulfill business matters. While most other services use the job portal concept, Ekrut uses a talent marketplace with a data science-based. As a result, talents can register themselves to be discovered by companies who look for candidates based on their preferences. Several tech companies, such as Gojek, OVO, Tokopedia, and RedDoorz, have utilized this platform to hunt new candidates.
To develop the most efficient recruitment process, both in terms of HRD and applicants, Ekrut has appointed a former senior engineer of Tesla as a Chief Product Officer.
According to VentureCap Insights, Ekrut has obtained around US$3.9 million in fund since its inception in 2016. In 2017, this company bagged a seed round from East Ventures. Further, the startup also closed its Pre-Series A round which was led by Venturra Discovery. In this round, East Ventures, Prasetia Dwidharma, Skystar Capital, Bizreach Inc, and Azure Ventures also returned to disburse their capital. By seizing the capital backing from diverse investors, Ekrut has managed to uplift its valuation to USD12 million.