Vahan raises $8m led by Khosla Ventures and 19 more India deal updates

Bengaluru-based jobs and livelihood platform for blue-collar workers Vahan has raised $8 million in a Series A round of funding led by Silicon Valley investor Khosla Ventures, per an announcement on Wednesday.

The round also saw participation from Airtel, SHAKTI VC, Pioneer Fund, Spike Ventures, Vijay Shekhar Sharma (CEO, Paytm), Guru Gowrappan (Group CEO, Verizon Media and former Global MD, Alibaba), Kevin Shannon (former CFO, Harvard Management Company) and others.

These funds will allow Vahan to further scale its recruitment business and build new product offerings for its fast-growing customer base which comprises leading gig-economy companies and blue-collar workers, it said in a statement.

Today, Vahan is a technology-driven platform that helps blue-collar workers find jobs while helping employers find the right candidate. The startup has built tools, including an AI-driven bot on WhatsApp, that are used to recruit workers at large scale.

“We will continue to leverage our deep expertise in building large businesses using technology to take the company to the next orbit of growth. Our goal is to ensure that previously underserved blue-collar workers get access to opportunities across jobs, financial services and upskilling and our ambition is to make 1 billion placements over the next 10 years,” said Madhav Krishna, founder and CEO, Vahan.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India announced from September 12-15, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
VahanBengaluru8 millionSeries AKhosla VenturesAirtel, SHAKTI VC, Pioneer Fund, Spike Ventures, Vijay Shekhar Sharma, Guru Gowrappan, Kevin Shannon Information ServicesHR Tech
BetterPlaceBengaluru24 millionSeries CCX Partners, Jungle VenturesCDC Group, Capria Ventures, Unitus Ventures, 3one4 CapitalSoftwareHR Tech
Mobile Premier League (MPL)Bengaluru-Series ELegatum CapitalSequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, Founders Circle CapitalInterneteSports
Eupheus LearningDelhi10 millionSeries CLightrock India-Education/TrainingEdTech
AnarMumbai6.2 millionSeedElevation Capital, Accel IndiaFirst Cheque, Utsav Somani, Ranjeet Pratap Singh, Farid Ahsan, Vidit Aatrey, Sanjeev Barnwal, Shashvat NakraniInformation ServicesSocial Media
HexaHealthGurugram4.5 millionSeedOmidyar Network India, Chiratae Ventures3one4 Capital, Viren Shetty, Rohit MA, Rehan Khan, Rohit Kapoor, Mohit GuptaHealthcare ITHealthTech
TinkerlyJaipur881,953-Navneet Tech VenturesSucSEED Angel Network, Keiretsu Forum, Divyashish Jindal, Chand Das, Saurabh Aggarwal, Marwari CatalystsEducation/TrainingEdTech
GodamwaleMumbai1 millionSeedCapt. Anand Aryamane-Logistics/DistributionSaaS
HanchensGurugram-SeedIndia AcceleratorVikram DuggalLogistics/DistributionRidesharing/Transport
ShadezMumbai200,000Pre-Series AInflection Point Ventures-Consumer ServicesE-commerce
GobblyGurugram976,933Pre-Series AAnicut Angel Fund, Sauce.VCAgility Ventures, Kunal Shah, Anupam Mittal, Jitendra Bhandari, Sameer Chugh, Mihir Agarwal RetailE-commerce
GTM BuddyHyderabad2 millionSeedStellaris Venture Partners-SoftwareSaaS
EventBeepPune-SeedSucSEED Indovation Fund, Uincept, Palimala Ventures-Information ServicesEdTech
Livquik TechnologyMumbai4 millionCorporateM2P FINTECH-Financial ServicesFinTech
MedphoNoida1 millionAngelCygnus Medicare Group, Probal Ghoshal, Shuchin Bajaj, Raghavendra Prasad-Healthcare ServicesHealthTech
EnercompHyderabad678,426Angelah! Ventures-Robotics & Drones
WickedGud Mumbai340,000Pre-SeedTitan CapitalArchana Priyadarshini, Gaurav Ahuja, Amit Chaudhary, Aman Gupta, Sameer Mehta, Harsh Vakharia, Jorge Fernandez VidalFoodE-commerce
Intello Labs Gurugram5 millionSeries A3Avaana CapitalSaama Capital, Nexus Ventures, Omnivore PartnersAgribusinessAgTech
OneGreenGurugram-AngelJitendra Gupta -Consumer ProductsE-commerce
EasiloanMumbai1 millionSeedTomorrow Capital-Financial ServicesFintech Lending

 

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.