Indian hiring app Apna bags $70m funding co-led by Tiger Global, eyes SE Asia foray

Mumbai, India. Photo by Smith Mehta on Unsplash

Bengaluru-based Apna, a professional networking and jobs platform, on Tuesday announced that it has raised $70 million in a Series B funding round led by Insight Partners and Tiger Global at a valuation of $570 million.

Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC also participated in the round, the startup said in a statement.

Founded in 2019, Apna has raised over $90 million to date.

Its app allows users to access local job opportunities, network with peers, practise for interviews, share their accomplishments, and gain new skills. Currently, it hosts over 60 communities for skilled professionals such as carpenters, painters and field sales agents.

Apna said that it will use the proceeds from its latest funding round to strengthen its presence in India, hire new talent, build engineering and product capabilities, and expand to international markets such as Southeast Asia and the United States.

“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,” Apna founder and CEO Nirmit Parikh said in a statement.

Apna claims to have catered to more than 10 million users and 100,000 employers since its launch. Over the last three months, it has doubled the number of Indian cities in which it is present to 14.

The company had raised $12.5 million in a round led by Sequoia Capital India and Greenoaks Capital in March this year. Existing investors Lightspeed India and Rocketship.vc had also participated in that round.

The company raised $8 million in a Series A round in September 2020.

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.