Gurugram-based end-to-end SaaS platform GetWork has raised Rs 7 crore in a Pre-series A round from Samarthya Investment Advisors, NVS Wealth Managers, and Artha Venture Fund. The round also saw participation from marquee founders and angel investors like Pravin Agarwala, the co-founder of Betterplace, Shuchi Kothari, director of Health & Glow and DSP Group Family Office, and Saurabh Garg, co-Founder of NoBroker.
Prior to this, the company raised a seed round of Rs 2 crore in March 2021 led by Artha Venture Fund.
Launched in 2019, GetWork is a B2B (business-to-business) SaaS (software-as-a-service) platform for colleges to place their fresh graduates directly into start-ups and corporates. The company claims to have 6,500 employers recruiting from the 13 lakh students on the GetWork platform from more than 1000 colleges across India. In a press statement, it added that more than 3,300 freshers got placed with sought-after employers like ICICI Bank, Bank of Baroda, Reliance Retail, Hathway, and Justdial, and fast-growing startups such as LeverageEdu, Lawyered, and Nutrifresh in the last 90 days.
Commenting on the funds raised, Rahul Veerwal, Founder of GetWork, says, “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 two and tier three colleges.
“GetWork's 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 GetWork platform pan-India over the next 18 months," it added.
Anirudh A Damani, the managing partner (MP) of Artha Venture Fund, says, "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 GetWork is just scratching the surface of what will become India's largest repository for fresh graduates. I am excited with the knowledge & experience of angel investors joining this round.”