Bengaluru-based Jobshob Tech, which operates MyKaam, a short video-based job search platform, has raised an undisclosed amount in a seed funding round from integrated incubator Venture Catalysts.
While the Mumbai-based firm’s co-founder Apoorv Ranjan Sharma led the round, Mrunal Jhaveri, executive director of Icebreaker Tech; Nirav Panchmatia, founder and CEO of AUM Financial Advisors; Vikas Kapoor, partner at RIVOLI Fashions; and Karan Garg, managing director of Samhit Ventures also participated, as per a statement.
MyKaam will use the fresh funds to strengthen its technology stack, scale up operations and bring on board more businesses, it added.
The company uses a video-based platform to connect blue collar workers with local recruiters. It allows the latter to list jobs in short video formats, which makes it easier for job seekers to find the right fit.
“The Jio effect has ensured easy accessibility of the internet across every demographic. New India is using internet-enabled platforms to make significant improvements in their lives. With MyKaam, we want to play an active role in this transformation and keep addressing the employment needs of Indians, and blue collar workers in particular,” Ashish Gupta, who founded MyKaam in 2019, said.
Unlike white collar professionals, blue collar workers do not have access to or understand how to navigate sophisticated job search portals such as LinkedIn, Sharma of Venture Catalysts, said.
“Around 100-200 million blue collar workers, accounting for over 70-80% of the industry, have found themselves without any income source due to the nationwide lockdown imposed in the wake of the coronavirus pandemic,” he added.
Since the beginning of the year, Venture Catalysts has funded at least 14 startups. It has infused between $500,000 and $2 million in startups such as edtech platform Qin1, health supplements company Power Gummies, insurance dispute redressal platform Insurance Samadhan and sports engagement platform rooter.io.