Info-tech

Jobs app for blue, grey collar workers raises $8-million funding

Bloomberg September 1 | Updated on September 01, 2020 Published on September 01, 2020

Greenoaks Capital, Rocketship VC, Lightspeed India and Sequoia Capital invest in Apna

Apna, an app start-up that aims to connect millions of bottom-of-the-pyramid workers to employers amid the pandemic and lockdown disruptions, has raised $8 million from a clutch of investors.

The funding, from new investors Greenoaks Capital, Rocketship VC as well as existing backers Lightspeed India and Sequoia Capital, will help the app expand to more cities, Apna said in a statement on Tuesday. It also wants to grow across verticals such as accounting, customer service and nursing. Currently, Apna is in five cities.

The start-up, founded by Apple Inc alum Nirmit Parikh, is a sort of LinkedIn for non-English-speaking, poorer Indians. The app helps first-time internet users access job opportunities by entering their name, age and skills to generate a virtual business card that’s shared with potential employers. Less than a year after its December launch, Apna has 1.2 million users.

It generated over a million job interviews in the last month for workers like carpenters, painters and field sales agents, growing over 3X month-on-month, according to the company. The firm added that Amazon.com, online grocer BigBasket, and HDFC Bank Ltd. have hired through the app.

“There are over 250 million blue and grey collar workers in India,” Harshjit Sethi, principal at Sequoia Capital India, said in the note announcing the funding. “Apna has built a unique product where users quickly come together in professional communities, an unmet need so far.”

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Published on September 01, 2020
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