WorkIndia raises funding from PERSOL Group
Blue-collar worker recruitment platform WorkIndia has raised an undisclosed amount of funding led by PERSOL Group which is a comprehensive human resources service provider in the APAC region. With the raised capital, WorkIndia intends to expand WorkIndia’s superior product across PERSOL’S operations in 13 countries and regions globally.
Commenting on the fresh round of investment, Shingo Ishida, Partner, PERSOL VENTURE PARTNERS, said, “PERSOL’S technology and product team had multiple detailed conversations to understand WorkIndia’s technology and the backend core truly, and we came out highly impressed. We look forward to investing in WorkIndia throughout their future journey and supporting them financially as they progress towards this beautiful impact-driven journey.”
Earlier, WorkIndia completed six funding rounds. Some of its significant investors include Beenext, a tech-based VC based out of Singapore, Smartphone maker Xiaomi and Asuka Asset Management, Japan’s one of the most renowned hedge funds. Other angel investors are Keshav Sanghi, ex-India Country Head, Goldman Sachs Equity Division, Satyen Kothari, Founder of Citrus Pay, Vikram Limaye, MD, and CEO of NSE, etc.
Speaking on the funding development, Moiz Arsiwala, Co-founder, WorkIndia, said, “We have been immensely methodical in our approach, right from building a product-market fit, scale, and monetization to currently hitting high unit economics. With the necessary steps done and massive data collected (450 million data parameters by our proprietary matching jobs engine), we are ready to scale today. With their massive financial resources, Persol is a perfect partner for us at this stage.”