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India – Low-skilled jobs platform Apna raises $70 million in funding

17 June 2021

Apna, a professional jobs platform for low-skilled workers in India, announced it has raised $70 million in a Series B funding round led by Insight Partners and Tiger Global.

Existing investors, Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC also participated in the round.

In March, Apna announced it raised $12.5 million in a funding round. With this latest investment Apna has now raised over $90 million and is now valued at $570 million, within 16 months of launching its product.

Apna said it will use the proceeds for expansion and plans to double down on their education technology platform for skilling by continuing to invest in hiring and building engineering and product capabilities. Additionally, Apna plans to expand to high potential international markets such as Southeast Asia and the US in the coming year.

Nirmit Parikh, Founder & CEO, Apna said, “At Apna we are determined to take a fresh approach towards solving employment and skilling challenges for billions. Over the last month itself Apna has facilitated more than 15 million job interviews and work related conversations where users have helped each other to start a business, find a gig or learn a new skill. We are still in the early stages of solving the problem and are excited to continue on this journey with the backing of our new partners.”

Founded in 2019, the app comprises 60+ communities for skilled professionals like carpenters, painters, field sales agents and many others. The app allows users to access local job opportunities, network with peers, practice for interviews, share their accomplishments, and gain new skills.

“We believe that our investment will enable Apna to continue their steep growth trajectory, scale up their operations, and improve access to opportunities for India's workforce,” Nikhil Sachdev, Managing Director, Insight Partners, said.