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India – Jobs website WorkIndia announces investment by Persol Group

05 April 2022

WorkIndia, a blue collar-focused jobs website based in Mumbai, India, announced on Monday an investment by Tokyo-headquartered staffing firm Persol Group. The deal will enable WorkIndia to expand its product across Persol’s operations in 13 countries and regions globally.

“Persol’s technology and product team had multiple detailed conversations to understand WorkIndia’s technology and the backend core truly, and we came out highly impressed,” said Shingo Ishida, partner at Persol Venture Partners.

WorkIndia was founded in 2015 by Moiz Arsiwala, Kunal Patil and Nilesh Dungarwal. It aims to leverage algorithm-based hiring and geo-tagging to connect recruiters with job seekers. The company says it has the most extensive fraud technology system in India to root out fake jobs.

“We have been immensely methodical in our approach, right from building a product-market fit, scale, and monetization to currently hitting high unit economics,” Ariswala said. “With the necessary steps done and massive data collected (450 million data parameters by our proprietary matching jobs engine), we are ready to scale today.”