Rozee.pk raises $6.5m in funding

LAHORE: Naseeb Networks, an employment marketplace, announced that it has raised $6.5 million in a series C funding round led by Vostok Nafta and Piton Capital, bringing the company’s total venture funding to $8.5 Million, a statement said.
Naseeb Networks will use the new round of funding to accelerate its growth in target markets.
Naseeb Networks operates Rozee.pk employment marketplace in Pakistan and Mihnati.com in Saudi Arabia focused on facilitating the matching between jobseekers and employment opportunities.
Its complete range of end-to-end employment solutions are used by over 10,000 companies and five million job seekers, processing over 1.5 million job applications every month.
In 2013 Naseeb Networks completed its acquisition of Mihnati.com.
After its initial market dominance in Pakistan, Naseeb Networks has grown Mihnati’s profitability and visits over 500 percent by leveraging its advanced cloud based recruitment product portfolio, back office operations and business expertise in employment marketplaces.