Naseeb Networks funds rise to $6.5 million

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Staff Report LHR: Naseeb Networks, parent company of largest Pakistani employment site Rozee.pk has recently unveiled that its funds have been enhanced to an amount of $6.5 million. It became possible because of series C funding round led by Vostok Nafta and Piton Capital, bringing the companys total venture funding to $8.5 Million.


Monis Rahman, CEO Naseeb Networks said, “As talent continues to move online at a rapid pace in emerging markets, businesses need increasingly sophisticated recruiting technology customized to nuanced local market dynamics.”


Naseeb Networks has previously been backed by Silicon Valley venture capitalist funds Draper Fisher Jurvetson and ePlanet Capital, Reid Hoffman (LinkedIn), and MENA Ventures through Fadi Ghandour (Aramex) and Arif Naqvi (Abraaj Capital).


Naseeb Networks operates Rozee.pk employment marketplace in Pakistan and Mihnati.com in Saudi Arabia which aims at facilitating the correspondence between jobseekers and employers. Naseeb Networks will use the new round of funding to bolster its growth in target markets and enhance is business in multiple dimensions. It has provided a great reinforcement to the company and new services and improved packages may be offered to customers in forthcoming chapter.


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Published in: Volume 06 Issue 21

Short Link: http://www.technologytimes.pk/?p=13366