Recruitment platform Apna.co snags $8m from Lightspeed, Sequoia India

Photo: Reuters

Apna.co, a recruitment platform for blue and grey collar jobs, has raised $8 million in its Series A round of funding from existing investors Lightspeed India and Sequoia Capital India.

The round also saw the participation of new investors Greenoaks Capital and Rocketship.vc.

Headquartered in Delaware and Bengaluru, Apna.co plans to use the funding proceeds to enter new cities, expand to more verticals, and strengthen its leadership team.

Founded in December last year by Nirmit Parikh, Apna.co has created a vertical network for skilled professionals like carpenters, painters, field sales agents among others, providing them with access to local job opportunities and networking with peers.

With operations spread across Mumbai, Pune, Delhi-NCR, Bengaluru, Ahmedabad and Jaipur, Apna.co claims to have more than 1.2 million users engaging on its platform. The startup also claimed that it has facilitated more than one million job interviews in the last month, growing more than 3x month-on-month.

“There are over 250 million blue and grey collar workers in India at present and providing meaningful employment opportunities to this segment is one of the biggest challenges in our country. With internet usage in this demographic growing rapidly, further catalysed by the Jio effect, apps such as Apna can play a meaningful role in democratising access to employment and skilling,” Harshjit Sethi, Principal at Sequoia Capital India, said.

Apna.co had previously raised nearly $2 million from Lightspeed India and Sequoia Capital India.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.