GetLinks, a Thailand-based startup that provides a job finder app in six nations Southeast Asia and neighboring areas, has closed new funding led by Australia’s Search group and Alibaba’s Hong Kong Entrepreneur fund.
The scale of the funding was not disclosed. GetLinks beforehand raised $500,000 in 2016, and it later added $150,000 extra to that spherical. GetLinks mentioned Thailand’s SCG and plenty of current buyers additionally took half within the spherical,
The deal appears extremely strategic for the younger firm given these two lead buyers. Publicly listed in Australia, Search operates employment providers in 19 nations, together with common Southeast Asia portals JobStreet and JobsDB. Its curiosity is centered round GetLink’s digital focus, which incorporates group occasions and a cellular app for job-seekers.
Alibaba began its Hong Kong fund, which has a complete funds $130 million, in 2015. Its mandate is to assist Hong Kong-based corporations or ventures led by Hong Kong Chinese language founders.
GetLinks doesn’t instantly appear spring to thoughts — its founder Djoann Fal is French and it was began in Thailand — however the firm has an workplace (and entity) in Hong Kong, whereas co-founder and chairman Keenan Kwok is from Hong Kong.
The Alibaba fund — which is distinct from Alibaba Group and its e-commerce enterprise — has usually invested in corporations that may leverage its large on-line retail footprint, however in GetLinks case the 2 corporations need to pool their sources round the usage of AI and machine studying in schooling.
GetLinks is planning to increase from recruitment into providing expertise and expertise coaching. That, plus is core enterprise, are areas the place Alibaba could assist with its AI would possibly. The Chinese language agency launched a $15 billion initiative into rising expertise, together with AI, final 12 months and GetLinks might be one accomplice to assist prepare its core AI tech and techniques.
Extra usually, Alibaba can be working to construct a footprint in Southeast Asia, and GetLinks suits into that focus. Alibaba owns e-commerce agency Lazada, has invested in Indonesia’s Tokopedia and — as we reported earlier this month — it’s in talks to spend money on Seize. As well as, its fintech affiliate Ant Monetary has been busy placing offers throughout the area.
GetLinks claims to have 500,000 registered job seekers, with 3,000 corporations on its platform.