credits: enterpreneur.com
Bengaluru-located professional networking and jobs platform Apna has elevated Series B funding of $70 million administered by Insight Partners and Tiger Global, at a valuation of $570 million. Existing investors Sequoia Capital India, Lightspeed India, Greenoaks Capital, and Rocketship VC also participated within the round.
The investment will allow Apna to create more new products, hire best-in-class tech talent, and expand to new geographies. A press release shared by the corporate added that the funding would be used to strengthen its presence in existing cities and expand pan-India over subsequent six months.
Founder and CEO, Apna, Mr. Nirmit Parikh said, “At Apna we are determined to require a fresh approach towards solving employment and skilling challenges for billions.” Over the last month itself, Apna has facilitated quite 15 million job interviews and work-related conversations where users have helped one another to start out a business, find a gig or learn a replacement skill.
It also added that, “We are still within the early stages of solving the matter and are excited to continue on this journey with the backing of our new partners.”
“Employers are engaging with Apna at a rapid pace to assist find top quality talent with low friction, resulting in best-in-class customer satisfaction scores. We believe our investment will enable Apna to continue their steep growth trajectory, proportion their operations, and improve access to opportunities for India’s workforce.”