Haryana, India-based end-to-end SaaS platform for fresher recruitment, Getwork raised INR 7 crore (approx USD 846K) in recent funding. The pre-Series A round took place on February 20, 2023. Samarthya Investment Advisors, NVS Wealth Managers, and Artha Venture Fund led the financing for the firm. Meanwhile, marquee founders and angel investors such as Pravin Agarwala (co-founder – Betterplace), Shuchi Kothari (director – Health & Glow and DSP Group Family Office), and Saurabh Garg (co-founder – NoBroker) joined in the financing.
Purpose of financing for GetWork
With the recent financing from the pre-Series A financing, GetWork seeks to expand geographically. Meanwhile, it has plans to bring 12,000 firms and 2,500 colleges onto the platform.
Earlier in March 2021, the company raised INR 2 crore. Artha Venture Fund led the financing back then.
What the company’s official has to say
Rahul Veerwal, the founder of GetWork, said, “Over 42,000 colleges and training schools add 1.2 crore fresh graduates to the working population every year. However, there isn’t a single platform that provides specific tools, guidance, and job opportunities to fresh graduates from tier 2 and tier 3 colleges. Our placement platform and GetWork Club focus on solving this massive problem. This funding round brought onboard an exciting set of investors who will help us scale the platform pan-India over the next 18 months.”
What the investor has to say
Anirudh Damani, managing partner of Artha Venture Fund, said, “A plethora of industries like manufacturing, information technology, financial services, pharma, etc., are aggressively hiring fresh graduates to meet the demands of their businesses. GetWork makes it easy for them to discover their next hire from the tens of lakhs of students who join the workforce yearly. The progress made by the company is just scratching the surface of what will become India’s largest repository for fresh graduates.”
In addition, Jatin Karani, co-founder and partner of Samarthya Investment Advisors, said, “The incumbent recruitment platforms focus on experienced candidates. They have not been able to cater to the specific needs of fresh college graduates and placement cells of tier 2 and 3 colleges. This is where GetWork has built a robust and innovative platform that aids in the discoverability of fresh talent from these colleges by connecting them to recruiters looking for specific talent for their pan-India job openings.”
About the company
In 2019 Amit Gupta and Rahul Veerwal launched the company. GetWork is a B2B SaaS platform for colleges to place their fresh graduates directly into start-ups and corporate entities. Currently, the company claims to have 6,500 employers recruiting from the 1,300,000 students on its platform. It also mentions having more than 1,000 colleges across India.
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