Workruit, a B2B and B2C-focused AI-powered career and recruiting platform, has secured more than $500,000 in a pre-Series A round-headed by the US-based family office of Kantamaneni.
According to a statement, Workruit will use the capital to develop the product, grow its business, and concentrate on customer acquisition, as per reported by Entrepreneur.com.
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“In the future of work, the employee is the enterprise. Companies have HR teams, recruiters, and sophisticated technology to manage their pipelines, but all that most job seekers have is a spreadsheet. We’re levelling the playing field by building the infrastructure with Workruit that enables people to advance their careers confidently. Workruit is developing tools to assist people in navigating the future of work, where career agility is more important than ever. In addition, our recruitment and career platform champions both the candidate and the enterprise, allowing both to connect easily and network,” said Manikanth Challa, CEO and founder, Workruit.
With the assistance of the strategic investor, the company also plans to expand its recruitment platform in US markets by Q1 2023, according to the announcement. Workruit offers a range of B2B and B2C solutions, such as an AI-powered CV creator and a platform for job searching and hiring.
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“While many players are solving problems for recruiters, we have yet to come across platforms that are focused on candidates. Workruit is developing a distinctively powerful and personalized career platform that is tech-first and candidate-first, beginning with an automated resume offering. They also have a long list of major employers who use their technology, including Axis Bank, Quess Corp, Big Basket, Swiggy, Colleges, and Governments. We are thrilled to be collaborating with Workruit as they transform the hiring market,” said Sreenivasarao Lavu of Kantamaneni Family Office.
The AI-powered resume builder claims to use job-winning resume analytics, keywords, and a variety of creative tools to construct cover letters and the crucial first copy of professional resumes in order to match the modern job market. The employment platform also makes use of technology to automate hiring and boost recruitment effectiveness and efficiency.
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According to Workruit, over 1 million resumes have been created (the majority by Indian job searchers), 2.5 million people have signed up for jobs on the site, and 2500 employers, including Just Dial, BYJUs, HDFC, Fortune Group, Reliance Group, Amazon, Asian Paints, etc. Along with the Telangana state government, the business also manages the DEET platform, which stands for Digital Employment Exchange of Telangana.
Workruit is an AI-driven career and recruitment platform that seeks to streamline, organise, and expedite the recruiting process for both candidates and companies. A variety of services, including AI-assisted Resume Builder, Job Search & Recruitment, and Digital Skilling & Employment Platforms, are provided by Workruit.