India: Temasek-backed GoodWorker invests $34m in Pravasi Rojgar

Sonu Sood. Photo: Reuters

Singapore state investment firm Temasek’s job search platform for blue-collar workers GoodWorker has invested about $34 million (Rs 250 crore) in Bollywood actor Sonu Sood’s job search app for migrant workers Pravasi Rojgar.

Pravasi Rojgar, which is a joint initiative by Sood and edtech firm Schoolnet India, was launched in July 2020 to support migrant workers who had lost jobs in the pandemic. The platform claims to have received 10 lakh registrations from jobs seekers, and thousands of employers in the past four months.

The technology platform has targeted to reach 10 crore Indians by providing access to good jobs and career progression through upskilling services, followed by financial, healthcare and social security services, GoodWorker said in a statement.

“The cutting-edge technology that GoodWorker brings will allow businesses in India to effectively expand their operations by finding the right talent, and also allow workers to have control over their data while widening access to digital products and services. With digital transformation accelerating against the backdrop of the Covid-19 pandemic, GoodWorker’s investment reflects our optimism towards trends in India that are underpinned by technology and digitalisation,” GoodWorker board member Pradyumna Agrawal said.

“This partnership will help in realising my dream of providing a better life and securing a livelihood for millions of youth. I am fortunate to partner with this socially relevant technology platform, as it helps institutionalise and scale Pravasi Rojgar’s humanitarian efforts,” Sood added.

Schoolnet was sold to Falafal Technology Pvt Ltd by debt-ridden IL&FS under the Insolvency & Bankruptcy Code (IBC) in September this year.

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.