The pre-Series A fundraising for the recruitment portal GetWork totals $846,340 (about Rs 7 crore), and it was co-led by Samarthya Investment Advisers and Artha Venture Fund.
NVS Wealth Managers, in addition to other angel investors including Pravin Agarwala of Betterplace, Shuchi Kothari of Health & Glow and DSP Group Family Office, and Saurabh Garg of NoBroker, participated in the round, as per reported by VCCircle.
The additional funds will be used to expand geographically and bring 12,000 firms and 2,500 colleges onto the platform.
“This funding round will help us scale the GetWork platform pan-India over the next 18 months, ” said Veerwal.
Gurugram-based Rahul Veerwal and Sumit Gupta are credited as being the founders of GetWork in 2018.
It is a software as a service (SaaS) platform that provides educational institutions with assistance in finding employment opportunities for its graduates in large corporations, small and medium businesses (SMEs), and startup companies.
GetWork received Rs 2 crore in funding in 2021 from a seed round headed by Artha Venture Fund. India Accelerator also participated in the round.
The company idea attracted the attention of college and university training and placement coordinators, who later joined as partners. Corporates are more difficult to win over since there are so many options on the market, but they are starting to recognise the unique value proposition the tech platform has to offer, particularly with its candidate-matching technology. To guarantee that all college students have equitable access to fulfilling professions, GetWork was established.