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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Vahan||Bengaluru||8 million||Series A||Khosla Ventures||Airtel, SHAKTI VC, Pioneer Fund, Spike Ventures, Vijay Shekhar Sharma, Guru Gowrappan, Kevin Shannon||Information Services||HR Tech|
|BetterPlace||Bengaluru||24 million||Series C||CX Partners, Jungle Ventures||CDC Group, Capria Ventures, Unitus Ventures, 3one4 Capital||Software||HR Tech|
|Mobile Premier League (MPL)||Bengaluru||-||Series E||Legatum Capital||Sequoia, SIG, RTP Global, Go-Ventures, Moore Strategic Ventures, Play Ventures, Base Partners, Telstra Ventures, Founders Circle Capital||Internet||eSports|
|Eupheus Learning||Delhi||10 million||Series C||Lightrock India||-||Education/Training||EdTech|
|Anar||Mumbai||6.2 million||Seed||Elevation Capital, Accel India||First Cheque, Utsav Somani, Ranjeet Pratap Singh, Farid Ahsan, Vidit Aatrey, Sanjeev Barnwal, Shashvat Nakrani||Information Services||Social Media|
|HexaHealth||Gurugram||4.5 million||Seed||Omidyar Network India, Chiratae Ventures||3one4 Capital, Viren Shetty, Rohit MA, Rehan Khan, Rohit Kapoor, Mohit Gupta||Healthcare IT||HealthTech|
|Tinkerly||Jaipur||881,953||-||Navneet Tech Ventures||SucSEED Angel Network, Keiretsu Forum, Divyashish Jindal, Chand Das, Saurabh Aggarwal, Marwari Catalysts||Education/Training||EdTech|
|Godamwale||Mumbai||1 million||Seed||Capt. Anand Aryamane||-||Logistics/Distribution||SaaS|
|Hanchens||Gurugram||-||Seed||India Accelerator||Vikram Duggal||Logistics/Distribution||Ridesharing/Transport|
|Shadez||Mumbai||200,000||Pre-Series A||Inflection Point Ventures||-||Consumer Services||E-commerce|
|Gobbly||Gurugram||976,933||Pre-Series A||Anicut Angel Fund, Sauce.VC||Agility Ventures, Kunal Shah, Anupam Mittal, Jitendra Bhandari, Sameer Chugh, Mihir Agarwal||Retail||E-commerce|
|GTM Buddy||Hyderabad||2 million||Seed||Stellaris Venture Partners||-||Software||SaaS|
|EventBeep||Pune||-||Seed||SucSEED Indovation Fund, Uincept, Palimala Ventures||-||Information Services||EdTech|
|Livquik Technology||Mumbai||4 million||Corporate||M2P FINTECH||-||Financial Services||FinTech|
|Medpho||Noida||1 million||Angel||Cygnus Medicare Group, Probal Ghoshal, Shuchin Bajaj, Raghavendra Prasad||-||Healthcare Services||HealthTech|
|Enercomp||Hyderabad||678,426||Angel||ah! Ventures||-||Robotics & Drones|
|WickedGud||Mumbai||340,000||Pre-Seed||Titan Capital||Archana Priyadarshini, Gaurav Ahuja, Amit Chaudhary, Aman Gupta, Sameer Mehta, Harsh Vakharia, Jorge Fernandez Vidal||Food||E-commerce|
|Intello Labs||Gurugram||5 million||Series A3||Avaana Capital||Saama Capital, Nexus Ventures, Omnivore Partners||Agribusiness||AgTech|
|OneGreen||Gurugram||-||Angel||Jitendra Gupta||-||Consumer Products||E-commerce|
|Easiloan||Mumbai||1 million||Seed||Tomorrow Capital||-||Financial Services||Fintech Lending|