- WorkIndia is India’s blue-collar recruitment platform for blue & grey collared jobs.
- Previous investors of Work India include Beenext & Asuka Investments – A Japanese hedge fund.
- Xiaomi smartphones have invested around ₹42 crores in the 5-year-old recruitment platform.
Xiaomi invests in WorkIndia some ₹ 42 crores this time. Manu Jain, Global VP, and MD is impressed by the technology developed by WorkIndia – surrounded by technology like geo-positioning, dynamic algorithms (to name a few).
It’s one major reason Xiaomi invests in WorkIndia. Both being a tech-oriented platform where while one is wooing users with its cutting-edge smartphones the other one is wooing locals in finding a relevant job based on their skillset.
5-year-old WorkIndia is one of the biggest platforms for blue & grey collared jobs in India with 2.1 crores unique session per month, 1.5 crores registered job seekers and presence in 763 cities countrywide.
Xiaomi Invests in WorkIndia … Why?
Isn’t it a strange combination? A smartphone focused company just invested in a recruitment platform. Both having a different niche, different vision and focus but still got united.
Question is, what unites them. Or what is it that brings them together under one roof? The answer lies in “technology”. Xiaomi and WorkIndia might be 2 different sets of companies, with different target audience and vision.
“The cutting-edge technology developed by WorkIndia, utilizing geo-positioning and dynamic algorithms, is one of the best in class that we have seen. The company has created a massive dent in the Indian Blue-Collar segment within a short span of time. It is inspiring to see WorkIndia leverage the high smartphone penetration in India and provide an opportunity to people from all segments, working as an equalizer. Xiaomi is focused on building an ecosystem that can be integrated with their smartphone while WorkIndia builds an ecosystem that can be useful in finding relevant jobs to jobseekers” Manu Jain said.
Has Xiaomi Invested in WorkIndia ..Only?
If you’re thinking that Xiaomi is a smartphone conglomerate (only) then probably you’re wrong. Xiaomi is always looking for companies where they can invest and build long term relations with them.
Xiaomi has also backed Sharechat, Zest Money & TouchTalent over the past 2 years. Talking about its investment portfolio, the company backed a regional language podcast app, Kuku FM for around $5.5 million (₹40 crores).
WorkIndia – A Small Review:
If you’re on LinkedIn, here is WorkIndia’s official page! A tech-oriented job portal founded by Kunal Patil & Nilesh Dungarwal is really simple and doesn’t come with ifs and buts!
The website is really simple and it’s an effective platform for job seekers as well as employers. The job portal has covered most of the openings.
Accountant, delivery boy, digital marketing, housekeeping, medical, engineers, hotel management, teacher, software developer and many more. One can also search for jobs available in cities, or by experience level.
“Investment in young talent within the company is WorkIndia’s key focus. We follow a three-pronged philosophy for our talent grooming – Learn, Earn and Have Fun. There is an extraordinary level of focus on working with amazing team members and learning from them while having fun,” said Kunal Patil, Co-founder at WorkIndia.
While Xiaomi invests in WorkIndia, it’s a great thing to see! India is struggling to be skillful and job portals like WorkIndia is constantly trying hard to do everything it takes to make India, a skillful India.
Future seems to be bright for India’s recruitment platform. While Xiaomi invests in WorkIndia, the utilization of funds is not yet disclosed. But with these funds, we are sure the job portal will only bloom up and comfortably climb up the ladder of success.