Apna, a Bangalore, India-based professional networking and jobs platform for India’s rising working class, raised $70m Series B funding.
The round, which has now raised over $90m and is now valued at $570m, was led by Insight Partners and Tiger Global with participation from existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC.
The company intends to use the funds to strengthen its presence in existing cities and expand pan-India over the next 6 months and international markets such as Southeast Asia and the United States in the coming year, hire talent and build engineering and product capabilities.
Founded in 2019 by Nirmit Parikh, CEO, Apna is a large professional networking platform dedicated to allowing India’s working class to discover professional networking, and skilling opportunities. Today, the app comprises 60+ communities for skilled professionals like carpenters, painters, field sales agents and many others. It allows users to access local job opportunities, network with peers, practice for interviews, share their accomplishments, and gain new skills. The app is currently live in 14 cities – Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Ahmedabad, Jaipur, Ranchi, Kolkata, Surat, Lucknow, Kanpur, Ludhiana, and Chandigarh. The app has over 10 million users, is present in 14 cities and counting, and over 100,000 employers who use the platform.
FinSMEs
16/06/2021