GetWork Raises $846,340 In Pre-Series A Funding

Who led the funding round? And who else participated in it? What does GetWork do, and how will it use the funds raised in this round? Read on to explore!

21 Feb 2023 | Updated On 22 Feb 2023
GetWork Raises $846,340 In Pre-Series A Funding

Veerwal GetWork Services Pvt Ltd has claimed to have secured $846,340 (approximately Rs 7 crore) in pre-Series A funding

The funding was co-led by Artha Venture Fund and Samarthya Investment Advisors, with the participation of NVS Wealth Managers, Pravin Agarwala (Betterplace), Shuchi Kothari (Health & Glow and DSP Group Family Office), Saurabh Garg (NoBroker), and other angel investors.

The company took to LinkedIn to annouce the funding update. 

"Team GetWork is proud to announce that we have recieved the second round of funding from Samarthya Investment Advisors Artha Venture Fund Pravin Agarwala Saurabh Garg

The inception of GetWork, world's first Unbiased yet Filtered Fresher Hiring Platform was led by a thought of helping freshers gain unbiased access to recruiters where the stature of their institution can never hold them back from landing the placements they deserve. Providing our hiring parters with the best fresh talents that matches the required skills to make their team the star-team. The raised funding will be used make the idea come to life at a scale like never before and to change the lives of millions of freshers from every nook and corner of the nation," reads their LinedIn Post. 

GetWork, based in Gurugram, is a recruitment platform founded by Rahul Veerwal and Sumit Gupta in 2018. The company offers a SaaS platform for colleges to assist graduates in obtaining jobs in startups, small and medium-sized businesses (SMEs), and corporations. According to the company, it has assisted its users in securing positions at well-known companies such as ICICI Bank, Bank of Baroda, Reliance Retail, Hathway, and Justdial.

Read More: Magma Raises $3.3 Million In Seed Round Funding

How GetWork Plans To Use The Funds?

The funds from the latest round will be utilized to expand the platform geographically and onboard 2,500 colleges and 12,000 employers. Veerwal said, "This funding round will help us scale the GetWork platform pan-India over the next 18 months."

In 2021, Artha Venture Fund led a seed funding round that raised Rs 2 crore for GetWork, with India Accelerator also participating.

Samarthya Investment Advisors, which was founded in 2020, is an early-stage VC firm whose portfolio companies include Rebel Foods, BluSmart, and General Fusion. Artha Venture Fund, with a corpus of $33 million, is India's first early-stage micro-venture capital (VC) firm and counts Agnikul, LenDenClub, HobSpace, Daalchini, KarmaLife, Everest Fleet, and others as portfolio companies.

Read More: PhonePe Raises $100Mn In Additional Funding!

The announcement comes at a time when the SaaS sector is seeing a slew of early-stage deals. Last week, Infurnia Technologies, an architecture and interior design SaaS firm, received $1 million from angel investors Yogesh Chaudhary (Jaipur Rugs) and Bhupinder Singh (ex-Bentley Systems). Venwiz, a B2B SaaS platform, also raised $8.3 million in a Series A funding round led by Sorin Investments.

(Disclaimer: TICE news has written this content based on a funding update shared by the organisation.)

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