Gurugram-based end-to-end SaaS platform GetWork has raised Rs 7 crore in a pre-series A round from Samarthya Investment Advisors, NVS Wealth Managers, and Artha Venture Fund.
The round also saw participation from marquee founders and angel investors like Pravin Agarwala (Co-Founder - Betterplace), Shuchi Kothari (Director - Health & Glow and DSP Group Family Office), and Saurabh Garg (Co-Founder - NoBroker).
GetWork previously raised a seed round of Rs 2 crore in March 2021 led by Artha Venture Fund.
The recent traction in GetWork perked significantly after they launched GetWork Club – a one-stop marketplace for students to avail services like resume creation, upskilling courses, mentorship programmes, and merchandise.
The startup will utilise the funds to onboard over 2,500 colleges and 12,000-plus employers, explore overseas markets and expand the GetWork Club, the company said in a statement.
“Over 42,000 colleges and training schools add 1.2 crore fresh graduates to the working population every year. However, there isn't a single platform that provides specific tools, guidance, and job opportunities to fresh graduates from tier 2 and tier 3 colleges. GetWork's placement platform and GetWork Club focus on solving this massive problem. This funding round brought onboard an exciting set of investors who will help us scale the GetWork platform pan-India over the next 18 months," said Rahul Veerwal, Founder of GetWork.
A plethora of industries like manufacturing, information technology, financial services, pharma, etc., are aggressively hiring fresh graduates to meet the demands of their businesses. Anirudh A Damani, Managing Partner of Artha Venture Fund, said GetWork makes it easy for them to discover their next hire from the tens of lakh of students who join the workforce yearly. "The progress made by GetWork is just scratching the surface of what will become India's largest repository for fresh graduates. I am excited with the knowledge and experience of angel investors joining this round.”
Launched in 2019, GetWork is a B2B SaaS platform for colleges to place their fresh graduates directly into startups and corporates. Their products fulfill a crucial gap for colleges that don't have a proper placement cell. GetWork creates individual profiles for each student and then maps job opportunities from employers on their platform based on students' respective skill sets and experience.
Founded by Rahul Veerwal and Sumit Gupta, GetWork currently claims to have 6,500 employers recruiting from the 13 lakh students on the GetWork platform from 1000-plus colleges across India.
"The incumbent recruitment platforms focus on experienced candidates. They have not been able to cater to the specific needs of fresh college graduates and placement cells of tier 2 and 3 colleges. This is where GetWork has built a robust and innovative platform that aids in the discoverability of fresh talent from these colleges by connecting them to recruiters looking for specific talent for their pan-India job openings," said Jatin Karani, Co-Founder and Partner of Samarthya Investment Advisors.