Startup News

Apna.co announces raising $12.5 million fund from Sequoia, Greenoaks Capital

On Tuesday, Apna.co, a vertical professional networking platform confirmed raising of $12.5 million led by Sequoia Capital India and Greenbacks Capital.

This includes existing investors such as Light speed India and Rocketship.vc who participated in the round.

The fundraising aims to strengthen the platform’s presence in existing cities and augment into new geographies.

Moreover, the plan is to invest in exceptional talent as well as build sophisticated engineering and product capabilities.

In September 2020, the company had raised fund amounting to a whopping $8 million.

Founded in 2019, Apna.co enables India’s rapidly expanding working class of grey and blue collar workers enhance their skill-set.

This comprises both networking and skilling opportunities.

Further, it has reported 50X growth in eight months and has more than six million users and over 80,000 recruiters.

Also, it counts Urban Company and Zomato among its clients besides others.

The platform has vertical communities for painters, field sales agents, and carpenters to name a few.

However, the app helps users gain access to local job opportunities, network with peers, share their accomplishments and practise interviews.

Currently, the platform is available in Bengaluru, Jaipur, Mumbai, Ranchi, Pune, Delhi-NCR, and Ahmedabad.

Several companies including Urban Company, Kirloskar, and Zomato work with Apna for its speed, relevance, hiring, and customer support.

Meanwhile, it also plans to augment internationally in South East Asia region and the US.

Apna is focusing on creating net positive job outcomes for anyone who chooses to upskill on the platform.


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