Aavishkaar Capital leads WorkIndia's Rs 97 crore fundraising round

WorkIndia, a hiring platform for blue- and grey-collar workers, has raised ₹97 crore in a new funding round led by Aavishkaar Capital. Beenext Capital also participated by investing ₹22 crore.

The company said the funds will be used to improve its technology, make better matches between employers and job seekers, expand into fast-growing markets, and develop new features.

WorkIndia connects workers in more than 50 job categories, such as delivery, retail, telecalling, field sales, and warehouse jobs, with companies looking to hire. It serves a large market of over 100 million blue- and grey-collar workers in India.

“Our next phase of growth is starting at the right time. Blue- and grey-collar workers are the backbone of India’s economy,” said Nilesh Dungarwal, cofounder and CEO of WorkIndia.

WorkIndia’s clients include major companies like Zomato, Swiggy, Ola, and Urban Company. The company last raised $12 million in January 2023 from investors including SBI Holdings and Beenext.

Aavishkaar Capital said creating stable jobs for blue-collar workers is important for India’s long-term growth. Beenext added that WorkIndia has grown responsibly and has now become profitable.

Recently, another blue-collar hiring platform, Vahan, raised $10 million in a funding round led by Khosla Ventures.