Delhi-based HR-Tech platform, GetWork has raised Rs 2 Cr in seed funding led by Artha Venture Fund (AVF), India's first early-stage micro-VC fund. The round also saw the participation by the angel investors of India Accelerator. AVF bought a 16% stake in the on-campus recruitment platform & it is the 10th investment from the current fund.
The startup plans to use the proceeds to grow its reach with employers and build tools that will help closing positions directly on its platform. The pandemic has made it difficult for employers of all sizes to recruit fresh graduates outside the significant colleges with well-staffed placement cells. GetWork's platform solves this issue and it also provides placements cells in Tier 2, 3, or 4 cities to improve their placement rate.
Rahul Veerwal, Founder & CEO - GetWork, stated, "The success stories of AVF's portfolio are a testament to the firm's strategic approach towards achieving business metrics. We were looking for an investor who would go beyond the conventional norms of a VC and help us scale the business. We are honoured to have partnered with AVF, a firm that has carved its niche in the micro-VC segment."
The recruiting platform for corporates, SMEs and startups enables them to directly hire from the 18,000 placement cells in institutes and colleges. It also helps the placement cells with aggregating resumes, managing and disseminating job opportunities for its students. Its "Connect" feature allows the placement cell heads to reach out to HRs and vice versa. The startup claims to place 1 student every 4 hours.