WorkIndia raises $1.5 Mn venture debt funding from Blacksoil
Blue-collar worker recruitment platform WorkIndia has raised $1.5 Mn venture debt funding from Blacksoil. The announcement was made by the investor on Tuesday.
The startup plans to direct the funds towards extending its product to multiple geographies across India and strengthen its fraud detection technology.
Commenting on the latest funding, Nilesh Dungarwal, WorkIndia Co-Founder said, “We are delighted to partner with BlackSoil to expand our presence and provide newfound opportunities to India’s blue and grey collar workforce and look forward to strengthening our relationship further with the years to come.”
Other than Blacksoil, WorkIndia is also backed by notable institutional investors such as Xiaomi, Beenext, Beenos, with the latest funding coming from Persol Group, a large human resource service provider in the APAC region.
“We are thrilled to be associated with Work India in their journey towards making the recruitment process for blue and grey collar employers & candidates easy. Apart from streamlining the process & helping provide the candidates vetted opportunities using their deep tech expertise, the company is one the few players in the industry that has been able to successfully monetise operations, achieve scale & virality”, stated Ankur Bansal, Co-founder of BlackSoil.