WorkIndia has secured Rs 97 crore (approximately $10.8 million) in a Series B funding round led by Aavishkaar Capital. Existing investor BEENEXT Capital contributed Rs 22 crore, while Aavishkaar Capital invested Rs 75 crore in this round. This marks the company’s first funding in nearly three years since it raised $12 million in January 2021, which was led by SBI Holdings and the founding family of Nintendo. Startup Superb reported this latest development exclusively last week.
The funds will be directed towards enhancing WorkIndia’s technology platform, refining its employer-candidate matching systems, and extending operations into areas with high demand. The company also plans to invest in product innovations to better serve job seekers and businesses in need of workforce solutions.
About WorkIndia
Co-founded by Kunal Patil, Nilesh Dungarwal, and Moiz Arsiwala, WorkIndia is a job portal tailored for blue- and grey-collar workers, providing opportunities across 50 categories, including tele-calling, field sales, delivery roles, and more.
Funding and Investments
As per various sources from startup data platforms, WorkIndia has raised approximately $30 million to date from multiple investors, including BEENEXT, Xiaomi, SBI Holdings, and Insitor. BEENEXT holds the largest external stake at 11.31% before this round, closely followed by Xiaomi with a 7.3% stake. The co-founders collectively possess a 32.1% stake in the company.
Financial Performance
For the fiscal year ending March 2025, WorkIndia reported a 25% year-on-year increase in operating revenue, amounting to Rs 78.7 crore, while also narrowing its losses by 25% to Rs 23.06 crore.