Bangalore based Smartstaff raises USD 4.3 million led by Nexus Venture Partners & Others
Smartstaff, a Bengaluru based blue-collar workforce management platform has raised $4.3 million in seed funding lead by Nexus Venture Partners, Blume Ventures and Arkam Ventures, along with investments from Gemba Capital and others.
The funding aims to provide 100 million blue collar workers in India access to better work by gripping the power of technology. The funds will be used for enhancing the product and building the team.
Arpit Dave, co-founder & CEO, Smartstaff, said, “With more and more industrial workers getting access to smartphones, we see a huge potential in using technology to reimagine workplace processes, and unlock massive value for companies and workers alike.”
Smartstaff was founded in October 2020 by Arpit dave, Ganesh Chilukuri, Viral Chhajer and Aravind Reddy. At present, over 30,000 man-hours of work are tracked on the Smartstaff platform every day with clients like Enamor, Dixcy, Raymonds and more. By the end of this year, the company aims to have over 10,000 workers on its platform.
Sameer Brij Verma, managing director, Nexus Venture Partners, added, “We at Nexus are very excited to partner again with Runnr’s founding team to re-imagine blue-collar recruitment and staffing for over 100 million workers in the country. Via their new age-work-force management platform, Smartstaff aims to drive game-changing efficiencies in the way manufacturing and supply chain companies source, retain, upskill, pay and incentivise their staff.”
“Indian manufacturing is silently powered by tens of thousands of SMBs and their workforces. and yet, the ability to enhance that labour discovery, employment, productivity and transparency is alarmingly low. The Smartstaff solution has already wowed some of the smaller and largest employers in the space. We will soon see the core of Indian manufacturing be powered by Smartstaff,” said Karthik Reddy, Blume Ventures.
“Over the past decade, smartphone penetration across India has triggered waves of new-age platforms disrupting large markets. We see Smartstaff leading the change by digitising workplace processes for manufacturers, and enabling 100M+ blue collar manufacturing workers to use their smartphones as an instrument of productivity with information on shifts, payouts, savings, jobs, and communication,” commented Bala Srinivasa, managing director at Arkam Ventures.
The funding aims to provide 100 million blue collar workers in India access to better work by gripping the power of technology. The funds will be used for enhancing the product and building the team.
Arpit Dave, co-founder & CEO, Smartstaff, said, “With more and more industrial workers getting access to smartphones, we see a huge potential in using technology to reimagine workplace processes, and unlock massive value for companies and workers alike.”
Smartstaff was founded in October 2020 by Arpit dave, Ganesh Chilukuri, Viral Chhajer and Aravind Reddy. At present, over 30,000 man-hours of work are tracked on the Smartstaff platform every day with clients like Enamor, Dixcy, Raymonds and more. By the end of this year, the company aims to have over 10,000 workers on its platform.
Sameer Brij Verma, managing director, Nexus Venture Partners, added, “We at Nexus are very excited to partner again with Runnr’s founding team to re-imagine blue-collar recruitment and staffing for over 100 million workers in the country. Via their new age-work-force management platform, Smartstaff aims to drive game-changing efficiencies in the way manufacturing and supply chain companies source, retain, upskill, pay and incentivise their staff.”
“Indian manufacturing is silently powered by tens of thousands of SMBs and their workforces. and yet, the ability to enhance that labour discovery, employment, productivity and transparency is alarmingly low. The Smartstaff solution has already wowed some of the smaller and largest employers in the space. We will soon see the core of Indian manufacturing be powered by Smartstaff,” said Karthik Reddy, Blume Ventures.
“Over the past decade, smartphone penetration across India has triggered waves of new-age platforms disrupting large markets. We see Smartstaff leading the change by digitising workplace processes for manufacturers, and enabling 100M+ blue collar manufacturing workers to use their smartphones as an instrument of productivity with information on shifts, payouts, savings, jobs, and communication,” commented Bala Srinivasa, managing director at Arkam Ventures.
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