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Apna.co raises $70 million to help workers in India


 

Apna, an Indian Job Board App, is helping millions of such blue and gray-collar workers upskill themselves, find communities and land jobs. It announced $70 million in a new financing round as the startup prepares to scale the 16-month-old app across India.

Insight Partners and Tiger Global co-led Apna’s $70 million Series B round, which valued the startup at $570 million. Existing investors Lightspeed India, Sequoia Capital India, Greenoaks Capital and Rocketship VC also participated in the round, which brings Apna’s to-date raise to over $90 million.

The investment will allow Apna to build more new products, hire best-in-class tech talent, and expand to new geographies. A statement shared by the company added that the funding would be used to strengthen its presence in existing cities and expand pan-India over the next six months.

The platform aims to double down on its edtech platform for skilling by continuing to invest in hiring exceptional talent and building world-class engineering and product capabilities. It plans to strengthen its presence in existing cities and expand pan-India over the next six months.

The startup, at its core is solving the network gap issue for workers. “Someone born in a privileged family goes to the best school, best college and makes acquaintance with influential people. Many born just a few kilometres away are dealt with a whole different kind of life and never see such opportunities,” said Nirmit Parikh, founder and chief executive of Apna, in an interview with TechCrunch.

Apna.co – professional networking and jobs platform, is building a scalable networking infrastructure, something that doesn’t currently exist in the market, so that these workers can connect to the right employers and secure jobs. “Apna’s focus on digitizing the process of job discovery, application and employer candidate interaction has the potential to revolutionize the hiring process,” said Griffin Schroeder, a partner at Tiger Global, in a statement.

Website – https://apna.co/

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