“Never imagined Aasaanjob's Acquisition by Naspers would turn like this!” - Anonymous employee Naspers Employee Review

Naspers has made a mark for itself by investing in companies who have created significant value for the consumers around the world. Due to this image and trust, entrepreneurs look for funds / acquisition routes via Naspers. One such acquisition which Naspers did was Aasaanjobs in Jan 2019. Since the acquisition happened it has been no less than a nightmare. I have been associated with Aasaanjobs from early days and I have seen how indecisive is the OLX Leadership who has been entrusted by Naspers to run Aasaanjobs. The only reason I stuck around with Aasaanjobs was due to the founders and the initial team they had. Founders had the vision for the company and they communicated this to all the team effectively and promptly. When the acquisition news came out we were all happy as we thought that we would be able to scale Aasaanjobs to a world class company, but this was short lived. OLX started interfering heavily in Aasaanjobs operations. Initially I thought this might be helpful as they will bring valuable scale lessons. But they brought all the ugly sides of scale: Bureaucracy, slow decision making, Pushing management decision downwards without and running the show without any vision. They change their strategy and vision every 6 months and it seems that they are not clear on how they would like to process with Aasaanjobs. I think they have wasted valuable time of the company and the employees.