Mumbai based WorkIndia, a Geo-positioning based product company, has raised an undisclosed amount of funding from BEENEXT, a Singapore-based early stage technology fund.WorkIndia is a platform that connects employers to the “Right” employees. WorkIndia team has created a significant database of employees in the mixed collar space (space between white & blue collar). Each of these candidates have been assessed for specific skills such as English Communication, MS Office, etc. Whenever a potential employer has a vacancy to fill, they just need to register on the platform and describe the type of employee they want and the same will be provided.
WorkIndia’s single-point focus is to use cutting edge technology to completely remove the significant information asymmetry on jobs availability that exists between the employers and employees in blue / grey collar segment. Their goal is to organize the blue /grey collar sector in a way that every Employer can connect to the right Employee and that every employee can get his/her dream job.
The raised capital will be utilised towards enhancing the technology product for automating the employer-employee matching process.
Jatin Jakharia, Nilesh Dungarwal and Moiz Arsiwala, co-founders of WorkIndia while talking about the development said,
“We are honored to have the able guidance of Teruhide and Dirk, co-founders of BEENEXT. We look forward to leveraging their past entrepreneurial and global experience in furthering our passion viz. the employment of every single candidate in the 237 Million strong blue/grey employee segment of India”.
WorkIndia had raised $500,000 (Rs 3.25 crore) in October 2015 from funding round led by Satyen Kothari, Citrus Pay Founder, Keshav Sanghi, Venture Works India founder, Riddhesh Gandhi, Discovery Capital Founder and select Partners/MDs in MNC Banks.
Apart from WorkIndia, a few other companies have started job portals for blue-collar workers and raised funding. Online classifieds firm Quikr, owned by Quikr Technologies Pvt. Ltd, last month launched a job search platform named QuikrJobs for blue- and grey-collar workers. And, Bangalore-based Babajob Services Pvt Ltd, which runs the Babajob.com portal.
Beenext is a venture capital fund with a corpus of $60 million (about Rs 400 crore) targeting investments in early-stage companies in India, Southeast Asia, Japan and the US. It was established by Sato, founder and former CEO of Japanese e-commerce operator and investor Beenos Inc (formerly Netprice).