Instawork announces acquisition of AbleJobs
Industrial Staffing Report
Instawork announces acquisition of AbleJobs
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Online staffing platform Instawork acquired AbleJobs, a Bengaluru, India-based provider of placements and training for job seekers in India. The deal was announced in a blog post on Aug. 6.
AbleJobs’ training several skill segments including business analyst, operations management and full stack development.
The company was founded in 2019 by Ravish Agrawal and Siddharth Srivastava as a career platform for early professionals in India. It has been used by 3 million users over the past five years to apply for jobs, prepare for interviews and learn skills, according to Instawork. In addition, more than 2,500 companies have used AbleJobs for entry-level roles and it has placed nearly 35,000 people.
“We are thrilled to welcome the talented team from AbleJobs to Instawork,” Kira Caban, head of strategic communications at Instawork, said in an email to SIA. “Their dedication to creating economic opportunities aligns perfectly with our mission. With Siddharth Srivastava joining our product team and Ravish Agrawal coming on board as an advisor, we are confident that their expertise and innovative spirit will drive significant advancements for our platform and the broader hourly workforce community.”
AbleJobs had raised $2.3 million over several funding rounds from Elevation Capital, Y Combinator, Titan Capital, Mynavi and angel investors such as Neeraj Arora, former chief business officer at WhatsApp, and Farid Ahsan, co-founder of ShareChat.
Terms of the transaction were not announced.
Instawork is a San Francisco-based talent platform that connects businesses with skilled hourly workers. In June 2023, it announced a $60 million Series D funding round. The company bills itself as the largest professional network for hourly workers.
Instawork made news recently in a disagreement in Colorado. Denverite reports that Instawork is one of two companies suing the city of Denver and the Denver Auditor’s Office over their investigations of wage theft. The Auditor’s Office had ordered Instawork to pay $1 million over independent contractor misclassification.