WorkIndia raises Rs 97 crore in round led by Aavishkaar Capital

WorkIndia, a recruitment platform for blue- and grey-collar workers, has raised Rs 97 crore in its most up-to-date funding round led by Aavishkaar Capital.

Beenext Capital invested Rs 22 crore as phase of the general funding round.

The corporate said that it may perhaps likely employ the capital to present a seize to its tech platform, toughen employer-candidate matching, enlarge into high-boom markets, and drive innovation.

The platform connects workers across over 50 job classes, including supply, retail, telecalling, subject gross sales, and warehouse operations, with employers searching for reliable talent.

The corporate operates within an over 100 million blue- and grey-collar physique of workers phase.

“This funding comes at the finest time as we enter our subsequent boom phase. Blue- and grey-collar workers are the spine of India’s financial system,” said cofounder and chief executive Nilesh Dungarwal.

WorkIndia’s consumers encompass major gig-financial system companies Zomato, Swiggy, Ola, and City Firm.

It final raised $12 million in January 2023 in a round led by SBI Holdings, Yamauchi No. 10 Family Office (the founding family of Nintendo), Persol, and Insitor.

Commenting on the investment, Sanchayan Chakraborty, accomplice at Aavishkaar Capital, said, “Finding productive jobs for the very best and rising blue-collar physique of workers is serious for sustained boom and social steadiness in India.”

“The team has accomplished with discipline, grown responsibly, and has now completed profitability,” Teruhide Sato, founder at Beenext, said.

In September, Vahan, a recruitment platform for blue-collar workers, raised $10 million in a funding round led by existing investor Khosla Ventures.