News: Vahan.ai raises funds from Khosla Ventures, others

#FundingAndInvestment

Vahan.ai raises funds from Khosla Ventures, others

The platform designed for the blue collar workforce has raised fresh funds from Khosla Ventures, Founders Fund, and Pioneer Fund.
Vahan.ai raises funds from Khosla Ventures, others

Y Combinator-backed Vahan.ai has raised fresh funding from Khosla Ventures, Founders Fund, and Pioneer Fund. The Bengaluru-based jobs platform will be using these new funds to scale up and expand their existing operations, according to Madhav Krishna, Founder & CEO, Vahan.ai.

Founded in 2016, Vahan.ai taps into WhatsApp’s API and AI in order to automate the hiring process of blue collar workforce. It is being used by clients from different sectors such as retail, hospitality, healthcare, and BFSI. It was a part of the Y Combinator’s Summer 2019 batch. A program wherein Y Combinator invests $150K in each of the two startup batches that they choose to accelerate. 

Y Combinator was founded by Paul Graham, Jessica Livingston, Trevor Blackwell, and Robert Tappan Morris, and has funded more than 1.9K startups ranging from Airbnb, Dropbox, Quora, and Reddit. The total combined valuation of YC-funded startups has now reached more than $100 Bn. 

Vahan.ai has focused on enabling people to apply for jobs directly by uploading their driver’s license and requests them to upload their resume through Whatsapp. By leveraging AI, the bot sends messages to the applicant regarding jobs available in their own locality as well. The bot is trained to understand Hindi, English and is intuitive in understanding when an applicant write queries in Hindi with an English script. 

The fresh funds will be used to scale up and help more applicants get access to job listings via Whatsapp and empower them to take advantage of opportunities that are nearby. 

Topics: #FundingAndInvestment, Recruitment

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