[Funding alert] WorkIndia Secures $12 Mn In Pre Series B Round From SBI Holdings, Others

Blue-collar employment portal WorkIndia has secured $12 million in Pre-Series B capital from SBI Holdings, Tokyo, and a few other notable investors.

Utilizing cutting-edge technology, WorkIndia not only manages and digitises the hiring process but also reduces any potential for hiring fraud, as per reported by BW Disrupt.

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Tomoyuki Nii, Director of SBI Investment Co., Ltd, the investment arm of SBI Holdings Inc. listed on the Tokyo Stock Exchange in Japan says, "Under the situation where job seekers have to call employers over the phones to get a job in India, the filtration of the calls which makes every call meaningful is extremely crucial for both the job seekers and employers to save time and cost. WorkIndia’s unique relevance matching system between job seekers’ skills and employers' needs, based on full, partial, and waterfall matching has done a phenomenal job in this respect. This value proposition and the data-driven platform backed by the AI-based technology with the massive behavioral data gathered by WorkIndia were the key reasons for our investment."

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Kunal Patil, Co-founder, and CEO, WorkIndia said, "The blue-collar market has seen two phenomena viz. One, Penetration, and Two, Adoption. From 2018 to 2020, rapid penetration of smartphones due to Reliance Jio, and from 2020 until today, the adoption of smartphone usage in the blue-collar workers' daily lives driven by Covid. With the new round of funding, WorkIndia will further strengthen its product and data science capabilities including entry into the yet untapped Southeast Asian blue-collar market.”

About WorkIndia

WorkIndia was co-founded by Kunal Patil, who serves as Co-Founder and CEO, Moiz Arsiwala, Nilesh Dungarwal, and Soumil Rao. WorkIndia is a technology-based job market with a single focus on hiring blue- and gray-collar workers.

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