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India – Workruit raises $500,000 in Pre-series A round funding

18 October 2022

Workruit, an India-based AI-driven career and recruitment platform, announced that it has raised more than USD 500,000 in Pre-series A funding led by investment firm Kantamaneni Family Office.

The group will utilise the funds to scale its product, expand its operations and focus on customer acquisition. As part of its expansion plans, Workruit also aims to extend its recruitment platform in the US markets by Q1 2023 with the support of the strategic investor.

Workruit provides a suite of B2B and B2C solutions, including an AI-powered CV builder and a job search and recruitment platform. Its flagship product, ‘Workruit Resume Builder’, aims to empower jobseekers to achieve their career goals and make their next move.

As part of its expansion plans, the company aims to reach over 5 million jobseekers, over 5,000 enterprises and SMEs and over 2,000 colleges by the end of the next year.

Manikanth Challa, CEO and founder of Workruit, said, “In the future of work, the employee is the enterprise. Companies have HR teams, recruiters and sophisticated technology to manage their pipelines, but all that most jobseekers have is spreadsheet. We’re levelling the playing field by building the infrastructure without Workruit that enables people to advance their careers confidently.”

“Workruit is developing tools to assist people in navigating the future of work, where career agility is more important than ever. In addition, our recruitment and career platform champions both the candidate and the enterprise, allowing both to connect easily and network,” Challa said. “The investment establishes a strong strategic partnership that will propel Workruit into its next growth phase. Having them as partners will enable us to capitalise on the numerous opportunities that we see ahead of us.”