[YS Exclusive] WorkIndia raises Rs 24 crore from BEENEXT and Asuka Asset Management

  • Bengaluru-based WorkIndia, a geo-positioning app which helps in connecting blue and gray collar workers with employers, has raised funding of Rs 24 crore from BEENEXT, Singapore and Mamoru Taniya, Chairman of Asuka Asset Management, Japan.
  • The startup claims that it gets 300,000 unique employers per quarter vs 500,000 unique employers in total on Naukri.com, and that WorkIndia has expanded nearly 10x between March 2018 and March 2019 on all major metrics: revenue, transactions, employer numbers and candidate numbers.
  • Speaking with YourStory, Co-founder Kunal Patil says that the blue and grey collar segment is already online and using the internet: WhatsApp for communication, DailyHunt for news, and YouTube for communication.
  • Founded in February 2015 by Kunal Patil, Nilesh Dungarwal, Moiz Arsiwala, Jatin Jakharia, and Lokesh Tiwari, WorkIndia has created a platform that utilises geo-tagging and algorithms for relevance adaptation to connect job seekers with companies.

Read full article: yourstory.com