Separator

Job Platform Apna raises $70 million in Series B funding led by Insight Partners & Others

Separator
Apna, professional networking and job platform based in Bengaluru, has raised $70 million in Series B funding led by Insight Partners and Tiger Global, for a total valuation of $570 million. Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital, and Rocketship VC joined the round as well.

Apna is the most trusted and fastest growing professional platform in India. The platform aims to connect the right jobs to the right people in the shortest amount of time while also providing a delightful holistic experience to both job seekers and recruiters.

Apna will be able to build more new products, hire best-in-class tech talent, and expand into new geographies as a result of the investment. According to a company statement, the funding will be used to strengthen its presence in existing cities and expand pan-India over the next six months.

Nirmit Parikh, Founder and CEO, Apna, said, “At Apna we are determined to take a fresh approach towards solving employment and skilling challenges for billions. Over the last month itself, Apna has facilitated more than 15 million job interviews and work-related conversations where users have helped each other to start a business, find a gig or learn a new skill. We are still in the early stages of solving the problem and are excited to continue on this journey with the backing of our new partners.”

By continuing to invest in hiring exceptional talent and building world-class engineering and product capabilities, the platform intends to double down on its edtech platform for skilling.

In addition, Apna intends to expand into high-potential international markets such as Southeast Asia and the United States in the coming year.

“We have been incredibly impressed with Apna’s stellar growth over the last year. They have built the market-leading platform for India’s workforce to establish digital professional identity, network, access skills training, and find high-quality jobs, says, Nikhil Sachdev, Managing Director, Insight Partners.

"Employers are engaging with Apna at a rapid pace to help find high-quality talent with low friction, leading to best-in-class customer satisfaction scores. We believe our investment will enable Apna to continue their steep growth trajectory, scale up their operations, and improve access to opportunities for India’s workforce.”

Apna, founded in 2019, takes a tech-driven approach to harness the power of communities to provide millions of Apna users with access to better jobs and entrepreneurship. It includes more than 60 communities for skilled professionals such as carpenters, painters, and field sales agents, among others.

Griffin Schroeder, Partner, Tiger Global, said “Apna’s focus on digitising the process of job discovery, application, and employer-candidate interaction has the potential to revolutionise the hiring process. The Apna app also helps workers form professional networks and upskill themselves.”

Apna is assisting the National Skill Development Corporation, UNICEF Yuwaah, and the Ministry of Minority Affairs of India in their efforts to provide candidates with better skilling and job opportunities.