Exclusive: Job portal WorkIndia gets funding from Asuka Holdings
WorkIndia, a job portal for blue-collar workers, has raised an undisclosed amount in investment from Japanese venture capital investor Asuka Holdings.
Asuka Holdings invested in WorkIndia through its Singapore-based subsidiary Asuka Global, co-founder Nilesh Dungarwal told Techcircle.
This is the third time WorkIndia, operated by Mumbai-based Eloquent Info Solutions Pvt Ltd, has secured funding in a little more than a year.
The startup had mobilised money from early-stage investor Beenext in March and raised a pre-Series A round of $500,000 in October last year from Citrus Pay founder Satyen Kothari, VentureWorks India founder Keshav Sanghi, Discover Capital founder Riddhesh Gandhi and others.
Launched last year, WorkIndia helps in the placement of delivery boys, office assistants, field sales executives, tele-callers and counter sales people in companies. It has 60,000 monthly active users.
Dungarwal said about 50,000 interview calls will take place through the platform this month. He said the company's app has recorded 300,000 downloads and 120 new jobs are posted on the app every day.
The company was started by Kunal Patil, a former investment banking executive and NYU Stern alumnus, and Ajay Kumar, a former real estate executive and IIM Calcutta alumnus.
WorkIndia has listed HDFC Bank, FedEx, Shoppers Stop, Burger King, Serco, Firstsource, Dunkin Donut, Caffe Coffee Day and others as its clients. The company, which is operational in Mumbai, plans to expand its operations to other cities. It competes with the likes of QuikrJobs, Babajob.com and Aasaanjobs.com, which also target blue-collar workers.
Asuka Holdings earlier invested in Daily Rounds, an app that compiles case studies and quizzes for doctors.