GetWork, a campus recruiting platform to post jobs and hire across dozens of colleges at once, has raised INR 7 crore ($846,340) in its pre-Series A round led by Samarthya Investment Advisors, NVS Wealth Managers, and Artha Venture Fund. The funding round was also joined by marquee founders and angel investors like Pravin Agarwala (Co-founder of Betterplace), Shuchi Kothari ( Director of Health & Glow), DSP Group Family Office, and Saurabh Garg (Co-founder of NoBroker).
According to the press statement, the Gurugram-based startup plans to utilize the fresh capital for geographical expansion and onboarding 2,500 colleges and 12,000 employers on the platform.
Founded by Rahul Veerwal and Sumit Gupta in 2018, GetWork is a B2B SaaS platform for colleges to place fresh graduates directly into startups and corporates. It creates individual profiles for each student and then maps job opportunities from employers on its platform based on students’ respective skill sets and experience. The platform aims to transform the early-career recruitment process for employers, colleges & students. It ties up with colleges, digitizes their placement & engagement system, standardizes the hiring process and makes them accessible to employers.
GetWork charges colleges a yearly subscription for platform management, sending invites to the companies, data analytics & more. Companies pay per placement or an annual subscription for hiring, branding & keeping students engaged with in-web/in-app marketing solutions.
Speaking about the company, Co-founder of Getwork, Rahul Veerwal, said:
Over 42,000 colleges and training schools add 1.2 crore fresh graduates to the working population every year. However, there isn’t a single platform that provides specific tools, guidance, and job opportunities to fresh graduates from tier 2 and tier 3 colleges. Our placement platform and Getwork Club focus on solving this massive problem. This funding round brought onboard an exciting set of investors who will help us scale the platform pan-India over the next 18 months.
The firm claims to have 6,500 employers recruiting from the 13 lakh students on the platform from over 1,000 colleges across India. It also claims that over 3,300 freshers got placed with companies like ICICI Bank, Bank of Baroda, Reliance Retail, Hathway, and Justdial, and startups such as LeverageEdu, Lawyered, and Nutrifresh in the last three months.
Managing Partner, Artha Venture Fund, Anirudh Damini, added:
A plethora of industries, like manufacturing, information technology, financial services, pharma, etc., are aggressively hiring fresh graduates to meet the demands of their businesses. GetWork makes it easy for them to discover their next hire from the tens of lakhs of students who join the workforce yearly. The progress made by the company is just scratching the surface of what will be India’sIndia’s largest repository for fresh graduates.
The company recently launched GetWork Club, a one-stop marketplace for students to avail services like resume creation, upskilling courses, mentorship programmes, and merchandise. In March 2021, GetWork had raised INR 2 crore in a seed funding round led by Artha Venture Fund. India Accelerator also participated in this round.
Artha Venture Fund is India’sIndia’s first early-stage micro-venture capital (VC) firm with a corpus of $33 million. The VC firm counts Agnikul, LenDenClub, HobSpace, Daalchini, KarmaLife, Everest Fleet and others as part of its portfolio.
