Smartstaff raises $4.3 million in funding
Smartstaff (formerly Qikwork), a blue-collar labor management platform, has secured $4.3 million in investment from Blume Ventures, Nexus Venture Partners, and Arkam Ventures, as well as Gemba Capital and several angel investors.
Smartstaff was founded in October 2020 by Arpit Dave, Viral Chhajer, Gnanesh Chilukuri, and Aravind Reddy, all of whom were ex-colleagues at Runnr. Smartstaff helps businesses employ and manage their blue-collar workers by digitizing workforce management techniques. The startup’s objective is to use technology to help India’s 100 million blue-collar employees find better jobs.
“With more and more industrial employees having access to smartphones, we see a great opportunity in utilizing technology to rethink workplace processes, and unleash significant value for employers and workers alike,” said Arpit Dave, Co-founder and CEO of Smartstaff.
“We at Nexus are very delighted to collaborate again with Runnr’s founding team to re-imagine blue-collar recruiting and hiring for over 100 million employees in the country,” said Sameer Brij Verma, Managing Director, Nexus Venture Partners. SmartStaff promises to generate game-changing efficiency in the way manufacturing and supply chain firms find, retain, upskill, compensate, and incentivize their employees through their new-age workforce management platform.
“Thousands of small businesses and their employees quietly propel Indian manufacturing. Despite this, the capacity to improve labor discovery, employment, productivity, and transparency is woefully lacking. That is about to change, thanks to the Smartstaff team. Their solution has already dazzled some of the industry’s smallest and largest businesses. Smartstaff will soon be at the heart of India’s industrial industry “, said Blume Ventures’ Karthik Reddy.
“In India, smartphone adoption has spawned waves of new-age platforms that have disrupted huge markets over the last decade. Smartstaff, we believe, is leading the way by digitizing workplace processes for manufacturers and enabling 100 million or more blue-collar manufacturing workers to use their smartphones as a productivity tool with information on shifts, payouts, savings, jobs, and communication,” said Bala Srinivasa, Managing Director of Arkam Ventures.
“At Smartstaff, our aim is to help India’s industrial and supply chain businesses digitally improve their labor management practices,” said Viral Chhajer, co-founder of Smartstaff.
Smartstaff seems to have established a strong footprint in the market with its innovative solutions. I’m sure the company will emerge as a leading player in the time to come. My best wishes to the team of Smartstaff.Shishir Gupta, Founder and CEO, StartupLanes
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