WorkIndia Raises Rs 97 Crore in Fresh Funding
- WorkIndia secures Rs 97 crore in funding led by Aavishkaar Capital
- Capital to boost technology, matching systems, and regional expansion
- Company reports strong revenue growth with lower losses in FY25
Blue and grey collar hiring platform WorkIndia has raised Rs 97 crore (about $10.8 million) in a fresh funding round led by Aavishkaar Capital, marking its first capital raise in nearly three years.
As part of the deal, Aavishkaar Capital invested Rs 75 crore, while existing investor BEENEXT Capital participated with Rs 22 crore. The funding follows WorkIndia’s last raise in January 2023, when it secured $12 million from investors including SBI Holdings and members of the Nintendo founding family.
WorkIndia said it will use the new capital to strengthen its technology platform, improve employer-candidate matching, and expand operations in regions with high hiring demand. The company also plans to invest in product innovation to better support job seekers and employers looking for reliable workforce solutions.
Kunal Patil, Nilesh Dungarwal, and Moiz Arsiwala Co-founded by WorkIndia focuses on connecting blue- and grey-collar workers with verified job opportunities. The platform offers roles across 50 job categories, including tele-calling, field sales, delivery, and other frontline positions.
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According to data from report, WorkIndia has raised around $30 million to date from investors such as BEENEXT, Xiaomi, SBI Holdings, Insitor, and others. Before this round, BEENEXT was the largest external shareholder with an 11.31 percent stake, followed by Xiaomi at 7.3 percent. The three co-founders together hold a 32.1 percent stake in the company.
The startup also showed steady financial improvement in FY25. Operating revenue grew 25 percent year-on-year to Rs 78.7 crore, while losses narrowed by 25 percent to Rs 23.06 crore, reflecting improving unit economics and operational efficiency.
