The leading Egyptian recruiting website, Wuzzuf.com, had a market value of $7 million by the end of 2015, said its chief executive Ameer Sherif on Monday.
The capital of Bashar Soft, owner of Wuzzuf.com, is now estimated at 2 million Egyptian pounds, Sherif said in an interview with Amwal Al Ghad.
In August 2015, American, British, and Swedish investors acquired shares in the company for providing finances worth $1.7 million and this was the second round of funds Bashar soft received. The company was previously granted $300,000 from 500startups, Sherif added.
Wuzzuf.com posts 80,000 jobs monthly provided by about 30,000 companies.
Bashar Soft has recently launched Forasna.com after one year of trial operation. Forasna is an online search engine which serves as a linkage tool between companies and job seekers in Egypt.
Forasna.com is not a recruitment website, said Ameer Sherif its CEO, but a platform which provides free-of-charge services for candidates with all kinds qualifications. Forasna.com is working as follows: enterprises post ads of job vacancies, job seekers sign up on the website for free or via the hotline then they are directed to suitable jobs matching their potentials.
Sherif added that his company aims to reach over 1 million users by 2020 with more than 3500 enterprises signed up, over 8000 job ads available and more than 300,000 job seekers are using the website.
About the reason behind choosing this name, Sherif said that Forasna is the right place where everyone can find a real job opportunity regardless of his or her age, education, qualifications or experiences. It also helps employers find the best candidates.
Moreover, Forasna.com covers a wide range of job categories including marketing, sales, PR, industries, services, tourism and many others, Sherif stated.