Team StartupCity

• WorkIndia raises Rs 97 crore in Series B funding led by Aavishkaar Capital, with participation from existing investor BEENEXT
• The funding comes nearly three years after its last round, signaling renewed investor confidence in the blue- and grey-collar recruitment platform
• Fresh capital to be used for tech upgrades, better job-matching systems, and expansion across high-demand Tier II and Tier III markets

Blue- and grey-collar jobs portal WorkIndia has secured Rs 97 crores or around 10.8 million in Series B funding from Aavishkaar Capital, a private equity player known for its focus on impact work, after a gap of almost three years from its last funding round. BEENEXT Capital, which is already a backer in the Mumbai-based startup, has also put in Rs 22 crores, while Aavishkaar has put in Rs 75 crores as a leading investor in the funding round.

This marks the second fundraise by WorkIndia which previously raised $12 million in January 2023, in a funding round led by SBI Holdings, in association with the founders of the renowned Japanese gaming giant, Nintendo. This latest piece of news was exclusively broken by Entrackr a week ago, marking the renewed faith of the investors in the mission of the organisation.

Founded by Kunal Patil, Nilesh Dungarwal, and Moiz Arsiwala, WorkIndia has managed to find a niche market for itself within the recruitment space in India, primarily because it caters to blue- and grey-collar jobs, who though constitute a huge market, remain largely unorganized. The website aggregates job seekers with job opportunities across over 50 categories such as tele-calling, field sales, delivery, retail, logistics, among other jobs that constitute the back-bone of the Indian economy.

This new capital will be used for improving the underlying technology infrastructure at WorkIndia, with a major focus on upgrading the employment matching systems for employers as well as job seekers. The company hopes that this will enable employers to hire candidates quickly, accurately, and scaled-up, while at the same time allowing job seekers easy access to suitable job opportunities.

Also Read: Soham Parekh Scandal Exposes Dark Side of Remote Work and Overemployment

Apart from this, WorkIndia also hopes to strengthen its foothold in high-demand geographical locations. This is due to increasing recruitment demands being witnessed in tier II, tier III cities, as well as major urban hubs. Other focuses will be on innovative product development.

According to the startup intelligence platform TheKredible, WorkIndia has already secured a total funding of almost $30 million. The list of its investors includes some prestigious names like BEENEXT, Xiaomi, SBI Holdings, Insitor, and others. Before the current fundraising exercise, BEENEXT was the largest investor with a total stockholding of 11.31%, followed by Xiaomi with a total stockholding of 7.3%, and the three co-founders had a combined total stockholding of a whopping 32.1% in the company.

In financial matters, WorkIndia has made visible operating strides. In the fiscal year ending March 2025, operating revenue increased by 25% year over year, which was pegged at Rs 78.7 crore. During the same period, the company reduced its loss by 25% at Rs 23.06 crore.

Going forward, with the ever-unfolding dynamics concerning the demand for recruitment within the workforce ecosystem in India, the recent funding round by WorkIndia will enable the company to grow on sustainable lines and also make its presence strongly felt within the recruitment segment that touches people’s lives.