ADVERTISEMENT

Apna.Co Bags 8 Million USD from Lightspeed and Sequoia
A

Apna.co is a startup for the recruitment of grey and blue-collar workers. The platform has recently received 8 million USD in its Series A round of funding. As per the company's statement, the latest tranche will be utilized to enter the new market, add additional verticles, and hire new talent.

Apna.co is a recruitment startup for grey and blue-collar workers (1). The platform has raised 8 million USD in its Series A round of funding. Its existing investors, Lightspeed India and Sequoia Capital India, participated in the funding round.

The startup also observed new investors in its latest funding round, such as Greenoaks Capital and Rocketship VC.

Nirmit Parikh founded the Apna.co in December 2019. He created the startup as a vertical network for skilled professionals, including carpenters, field sales agents, painters, etc. Apna.co claims that it has over 1.2 million users on its platform.

Currently, the platform is available in five different cities across India. The company would use its latest funds to enter the new market, add additional verticles, and hire talent.

 

Apna.co Providing Professional Communities to Skilled Workers

Nirmit Parikh, Co-Founder and CEO of Apna.co stated that the startup’s mission is to connect people with new opportunities. He further noted that the startup aims to uplift workers who are the backbone of the Indian economy. Apna.co provides a platform so they can grow further in their career.

Nirmit has previously founded Cruxbot, which was later acquired by Kno and then by Intel. Before becoming a serial entrepreneur, he was working at Apple. One of the partners of Lightspeed India Partners Advisor, Vaibhav Agrawal, stated that Apna’s most powerful thing for me is its community. He added that he has seen people helping each other grow their business, learn something new, etc.

According to the platform, their community is going beyond a place for job opportunities. Their users engage with others to upskill themselves while also identifying their growth potential. Apna.co further added that in the previous 30 days, it had expedited over 1 million job interviews. The platform is now growing 3x times with each passing month.

According to the Harshjit Sethi, Principal at Sequoia Capital India stated that India has over 250 million blue and grey collar workers. Getting meaningful employment for this vertical is very challenging. He added that Apna.co had built a unique platform where users can come together in the community, which has been an unmet need until now.

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Google, STIC, Moving Capital, 3L, Evolvence, Hana Financial Investment, LGT Lightstone Aspada have invested in Dunzo, with Alteria Capital providing debt.

Google’s chosen one: How Dunzo managed to capture the heart of the doubtful consumer...

0
Because of the evident rise of e-commerce, logistics service providers are faced with an increasing number of small shipments and a difference in their...
From post-workout beer to cars as a new personal space, these trends offer businesses a wide range of capitalization opportunities to explore.

Emerging Trends: Performance Beer, Digital Decor, and Cars, a New Personal Space

0
Post-workout Beer As per Keywords Everywhere, thousands of people are searching for 'drink beer post workout' monthly. It has fermented a new class of post-workout...
With easy internet access and high smartphone penetrations, there has been a shift in rural customers' aspirations opening opportunities for marketers.

Rural Marketing in the Post-COVID Era: A Lucrative Space

0
There has been a gradual evolution in rural marketing for the past few decades. Since most of the Indian population resides in rural areas,...

Challenges in Indian Startup Ecosystem

0
The Land Accelerator South Asia 2021 The Land Accelerator is a four-month curated program focused on training and supporting entrepreneurs working to restore land, forests,...
The idle minds and empty hands are using more devices, apps, and postures in the lockdown. We are here for a 30 billion USD industry booming around that.

Sextech: A Booming Billionaire Dollar Industry

0
Sex has always been a shady space in India. For a culture that takes price in Mind Control, Yoga, and worshiping saints, sex has...
Midea is facing the same fate as many Chinese corporations, asking for funding, going the old-fashioned way, through Kickstarter like Indiegogo.

Midea looks forward towards better development through crowdfunding, what could this mean for the...

0
Midea is a multinational technology company specializing in HVAC systems, consumer electronics, robotics, and industrial automation, and the digital market. (1) Midea provides a...
Amazon won the fight against labor organizing at its Bessemer, Alabama, warehouse on Friday, with employees opposing the Retail, Wholesale, and Department Store Union 2-to-1.

Will Amazon continue to live the bad light amongst its workers?

0
The COVID-19 pandemic has wreaked havoc on cultures and economies all over the globe. However, Amazon.com, Inc. has increased, cementing its status as the...
There has also been a boon for retail investors seeking profit and reliable trading platforms. Here are the top Robinhood alternatives in India.

Top Robinhood Alternatives in India

0
India's new trader breed had light-up Dalal Street in 2020. It was the year when many people across the globe were forced to stay...
ADVERTISEMENT