Bengaluru-based job platform and professional network apna, has secured about $100 MN in series C funding led by Tiger Global. The round also saw participation from Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures and GSV Ventures. With this round, apna has attained a total valuation of $1.1 BN.
The company has grown 125x over the past 15 months and its future plans entails using the funding to further strengthen its presence in existing 28 cities and expand pan-India by the end of 2021 to help accelerate India’s economy. The team plans to double down on their edtech platform for skilling and invest in hiring exceptional talent and building world-class engineering and product capabilities. apna plans to build a global enterprise by venturing into new markets such as the USA, South East Asia, and Middle East & Africa starting in 2022.
Sharing his views, Nirmit Parikh, Founder and CEO, apna, said, “apna has a deep social purpose, and is committed to discovery and creation of opportunities to enhance a billion livelihoods, across geographies. With the continued support of our partners, we aim to accelerate our journey of ‘solving for the world’.”
apna’s job platform leverages a sophisticated algorithm that matches candidates with employers taking into account their skills, experience and preferences. The app also comprises 70+ communities for skilled professionals like carpenters, painters, telecallers, field sales agents, delivery personnel and others. apna communities have enabled users to grow their professional networks, upskill through peer learning and find gig opportunities. apna’s communities enabled 17 million peer to peer professional conversations in the past month.
Griffin Schroeder, Partner, Tiger Global, said, “Apna’s viral adoption is driven by a novel social and interactive approach to connecting employers with job seekers. We expect job seekers in search of meaningful connections and vetted opportunities to drive Apna’s continued explosive growth across India – and the world.”
Patel, Managing Director Owl Ventures, said, “We believe that apna has the potential to fundamentally shift how companies approach hiring skilled professionals and how these individuals approach networking and upskilling. The apna team is creating an innovative technology-led solution that has already shown tremendous traction by facilitating close to 100 million interviews in approximately two years, and that is just the beginning. By incorporating learning and upskilling offerings to drive strong outcomes for its user communities, apna is building an end-to-end solution that has the potential to help individuals over the course of their career and not just in a single interaction. That repeated interaction and trust they are building on their platform can profoundly impact not just India but the global talent ecosystem."