There is a new unicorn in the world of unicorns right now: apna unicorn startup. And it is among the fastest things ever. Apna, a corporation with headquarters in Bengaluru, was valued at $1.1 billion after it raised $100 million in Series C funding under the leadership of Tiger Global on September 15.
The firm still needs to generate income. Its name is taken from the rap song Apna Time Aayega from India’s 2020 Oscar entry Gully Boy. However, this hasn’t stopped foreign and Indian investors from placing significant wagers.
The apna unicorn startup’s journey comes at a time when India’s economy has begun to revive after months of slowing due to the pandemic. Over 10 lakh jobs were lost as a result of the Covid-19 outbreak, with blue-collar workers in the country being among the hardest affected.
What does Apna startup do?
As the nation recovered from successive waves of illness, the coronavirus pandemic boosted digital recruiting, leading to increased job ads in manufacturing and e-commerce. Apna is doing the same thing by giving employers and employees a platform.
An Indian internet recruitment firm, Apna, connects businesses with millions of blue-collar workers. Using the site, job seekers may create a profile that highlights their skills, training, and experience, look for possibilities, contact the business directly to set up an interview, and be hired. On average, it performs about 18 million job interviews every month and has over 16 million members and 150,000 employers.
By utilizing a number of cutting-edge tools and solutions, employers may use it for advertising job openings, communicate with prospects, schedule interviews, and hire staff members while reaching out to applicants worldwide with only a mouse click. The company’s well-known customers are Byju’s, Toppr, Flipkart, WhitehatJr, Amazon, BigBasket, Swiggy, Unacademy, Licious, and others. There is also an iOS and Android app available.
A candidate’s fit and qualification for a position can be swiftly ascertained by recruiters. Businesses will benefit from the dominance of cost rationalization and optimization in the twenty-first century because, if they employ digital hiring properly, they will see a substantial return on investment.
To help candidates obtain better skilling and employment chances, Apna has currently partnered with some of India’s most esteemed governmental and private institutions, such as the Ministry of Minority Affairs, the National Skill Development Corporation, and UNICEF YuWaah.
When did Apna reach its unicorn status?
In a very short period, the company rose to the top of its industry to become India’s giant jobs and professional networking platform. However, it has yet to be widespread. The additional financing will aid in accelerating future city and vertical launches. But Apna achieved unicorn status on September 15. At a total valuation of $1.1 billion, the company raised $100 million in Series C fundraising under the direction of Tiger Global.
Who invested in Apna?
Throughout 5 rounds, Apna raised a total of $193.5M in investment. Nine investors are financing Apna. The principal investors are Tiger Global Management and Insight Partners.
|Sep 15, 2021||$100M||Series C||Tiger Global Management|
|Jun 16, 2021||$70M||Series B||Insight Partners, Tiger Global Management|
|Mar 2, 2021||$12.5M||Series A||Greenoaks Capital, Sequoia Capital India|
|Sep 1, 2020||$8M||Series A||Lightspeed India Partners, Sequoia Capital India|
|Jul 5, 2019||$3M||Seed Round||Sequoia Capital India|
Can we trust Apna?
Yes, The Apna App is a reliable app that helps over 2 crore job seekers in more than 65 Indian cities.
More than 2 lahks large, medium, and small enterprises are currently hiring graduates, first-year students, ITI diploma holders, and individuals with 10th and 12th grades. On Apna App, there is a tonne of excellent openings for recent graduates.
You can apply for more than 70 different job categories based on your interests, abilities, location, and qualifications.
Work from home, part-time, full-time, and night shift jobs are other alternatives.
All users of The Apna are absolutely FREE. Any job applicant is not required to pay anything.
Is Apna a unicorn startup?
Yes, Apna, which was founded just 22 months ago, is the fastest unicorn from India, with a valuation that surpassed $1 billion.
Where is Apna’s headquarters?
The Apna headquarters are at Bengaluru’s Silicon Terraces at Hosur Road, 30/1.
When was Apna founded?
Nirmit Parikh, a former Apple executive, founded the company in 2019. The largest professional networking platform in India, Apna, is committed to assisting India’s expanding workforce in discovering exceptional professional networking and skill-building opportunities.
How many users does Apna have?
India now has a new location to find relevant opportunities thanks to its platform, which has over 10 million members, is available in 28 cities and growing, and is trusted by over 150,000 companies.
How does Apna monetize?
Anyone can create a free account, and job searches on Apna are entirely free. By including additional layers, they can monetize. The first layer of Apna’s monetization will consist of ads. They could introduce job postings for businesses.
The Apna app: what is it?
An Android software called Apna can assist low-skilled people in India in locating employment matching their abilities.
By the start of the following year, Apna plans to use the cash to increase its presence throughout India and launch ventures in the US, the Middle East, Africa, and Southeast Asia.
The company claims that through its vertical communities, it is creating skilling courses in the style of Masterclasses, skilling that is the result- or job-based, and peer-to-peer learning. It plans to have a resume-building and career counseling feature.
What will Apna do next, given his recent success? Parikh states, “any company moves from zero to one, then from ten to one hundred.” “I am aware that Apna is a young adult who entered adulthood a little too soon. We are so young right now. Therefore, a lot of attention is being paid to how we can hire the most outstanding candidates, implement best practices inside the organization, and make much better judgments without having me become the system’s bottleneck.
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