Apna funding

apna funding

Over the next six months, Apna – the jobs platform and professional networking website, with its $70 million Series B funding, wishes to expand and strengthen its presence across India and in existing cities.

This Bengaluru-based startup raised its Series B funding of 70$ million from Insight Partners and Tiger Global at a valuation of $570 million. Their existing investors like Rocketship VC, Sequoia Capital India, Lightspeed India, and Greenoaks Capital had also participated in this fundraising.

According to the company, this influx of investments would enable them to hire the best of tech talent, build more exciting products, and expand their business across India within the next six months.

With Expansion on the cards, the Founder and CEO, Nirmit Parikh, Apna, said, “At Apna, we are determined to take a fresh approach towards solving employment and skilling challenges for billions. Over the last month itself, Apna has facilitated more than 15 million job interviews and work-related conversations where users have helped each other to start a business, find a gig or learn a new skill. We are still in the early stages of solving the problem and are excited to continue on this journey with the backing of our new partners.”

With a vision of hiring exceptional talent and building world-class engineering and product capabilities, the platform aims to double down on its Ed-Tech platform for skilling with continuous investments. Moreover, expanding to high-potential international markets such as Southeast Asia and the US in the coming year is also in its plan.

Nikhil Sachdev, Managing Director, Insight Partners, said, “We have been incredibly impressed with Apna’s stellar growth over the last year. They have built the market-leading platform for India’s workforce to establish digital professional identity, network, access skills training, and find high-quality jobs.

“Employers are engaging with Apna at a rapid pace to help find high-quality talent with low friction, leading to best-in-class customer satisfaction scores. We believe our investment will enable Apna to continue their steep growth trajectory, scale up their operations, and improve access to opportunities for India’s workforce.”

Apna is a tech-driven company and as such uses a technological approach in empowering communities and enables them better entrepreneurship opportunities and jobs.

Currently, Apna boasts of 60+ communities for skilled professionals like carpenters, painters, field sales agents, and many others to follow suit soon.

Griffin Schroeder, Partner, Tiger Global, said “Apna’s focus on digitizing the process of job discovery, application, and employer-candidate interaction has the potential to revolutionize the hiring process. The Apna app also helps workers form professional networks and upskill themselves.”

Apna users can gain new skills, network with peers, practice for interviews, and get access to local job opportunities. As of now, this startup platform has amassed more than 10 million users and 100,000+ employers.

Recently, Apna has increased its cities to 14. With this massive expansion, they are now the market leader and not a challenger anymore.

Employers trying to find candidates with a certain skill set and experience standards are better matched with probable employees on this platform because of its data science-led algorithm techniques. With Apna, it’s easier for employers and recruiters to find the right pick keeping in mind the volume of applications, their relevancy, and trust.

Companies like Zomato, Burger King, Bharti-AXA, Delhivery, Teamlease, G4S Global, Shadowfax, and 1MG are relying on Apna to address their most urgent and critical hiring needs. Some of India’s leading public and private organizations have also partnered with Apna.

With endeavors like providing better skilling and job opportunities to candidates, the National Skill Development Corporation, UNICEF Yuwaah, the Ministry of Minority Affairs of India has found Apna by their side.

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