Funding News

Recruiter Platform Workindia Secures $5.9 Mn from Xiaomi

Recruiter job platform WorkIndia has secured fresh investment of Rs 42 crore or $5.9 Mn from Chinese electronics giant Xiaomi. According to reports, no other investor participated in the funding round.

Chinese electronic giant Xiaomi invests $5.9 Mn in WorkIndia

WorkIndia claims to be India’s largest blue collar recruitment platform. The company touts that it has 1.5 crore registered job seekers and presence in 736 cities across the country.

According to company’s official website, several top companies like Swiggy, Ola, Zomato and HDFC Banks have availed their recruitment services.

The Mumbai headquartered firm had earlier raised funds from high profile investors like Beenext Pvt Ltd and Asuka Investments – one of the top hedge fund investors in Japan.

Manu Jain, Global Vice President and Managing Director of Xiaomi India, said WorkIndia has created massive presence in India’s thriving blue collar segment and Xiaomi sees significant growth potential in WorkIndia.

India despite being home to millions of blue collar job seekers and professionals, companies across the board still face massive hurdles in talent acquisition. High staff attrition prevailing across wide range of sectors also makes talent acquisition immensely difficult for companies.

Platforms like WorkIndia aim to solve this peculiar problem with the help of cutting edge technologies. The company uses technologies like deep technology, 100% automation, geo tagging and dynamic algorithm to simplify job search.

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